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R3,250,000

Monthly Bond Repayment R35,220.48
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,890

Investment opportunity for 9 bedroomed student accommodation, B&B or business premises options.

Step into the timeless allure of this original homestead, boasting character, spacious rooms, and a multitude of opportunities for various ventures including student accommodation, a bed and breakfast, or business premises.
The property consists of the main house with a large front garden and a self-contained garden cottage. A sub division has been approved to sell the garden cottage as a separate entity.

Main house
The main house contains of 4 spacious bedrooms, each with unique features. The upstairs bedroom boasts an en-suite bathroom, built-in cupboards (BIC) and a study area. The second bedroom offers an en-suite bathroom and a walk-in dressing area. The third bedroom features an en-suite bathroom, a study area, and a private entrance. The fourth bedroom serves as a self-contained flatlet with a kitchenette and private entrance. Lastly , there are two more rooms that can be used as a study/office or bedrooms.
There are 2 expansive living areas that are adorned with a fireplace and dining space.
The kitchen is a culinary haven with a gas stove and hob, quality wood cupboards, and separate scullery/ ironing room.
Ample covered parking is provided for up to four vehicles with access through automated gates ensuring convenience and security for residents and guests alike.

Garden cottage
The self-contained 3 bedroomed garden cottage with open plan kitchen and living area leads out onto the sparkling pool. There are 2 store rooms and covered parking for two vehicles with access through automated gates.

Embrace the opportunity to own this remarkable homestead, where character meets versatility. Whether you're seeking a comfortable family residence or an investment opportunity, this property offers endless possibilities for the creative investor.
Arrange a viewing today and envision the potential of this unique offering.

Features

9
5
Pets Allowed
Yes
Interior
Bedrooms
9
Bathrooms
5
Kitchens
3
Reception Rooms
5
Studies
1
Exterior
Carports / Parkings
6
Security
Yes
Flatlet
2
Pool
Yes
Sizes
Land Size
2,094m²

Pelham, Pietermaritzburg

Pietermaritzburg, the Capital of KwaZulu Natal, is situated in the Msunduzi river valley and is rich with historical attractions, culture and natural countryside beauty. Pietermaritzburg, known as the "City of Flowers" for its beautiful azaleas, roses and stunning purple Jacaranda trees that line the city streets, hosts the annual Spring Open Gardens which attracts visitors worldwide.  It is home to the famous Dusi...
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

35,220.48

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