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R2,000,000

Monthly Bond Repayment R21,674.14
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,575

7 BEDROOM INVESTMENT PROPERTY

This investment property offers a fantastic opportunity for potential buyers. It consists of 4 units, with 2 bedrooms each in three of the units, and the fourth unit being a bachelor unit with one bedroom. Each unit is designed with comfort and functionality in mind. The kitchen in each unit is equipped with built -in cupboards, providing ample storage space. The bathrooms in each unit feature a shower. The lounges in all units are spacious, offering a comfortable and inviting space for relaxation and entertainment. Whether you're hosting guests or enjoying a quiet evening at home, these lounges provide the perfect setting.

For vehicle owners, the property owners, this property offers 2 garages that can accommodate 2 vehicles each, providing secure parking options. Additionally, there is enough parking space available for another 8 vehicles ensuring convenience for residents and their guests. The property's driveway is tarrred. This feature enhances the overall appeal of the property and provided a smooth and durable surface for vehicles.

As you approach the property, you are greeted by a pictureque front yard with a beautiful garden. This stunning home is perched on a hilltop offering panoramic views of the cityscape.

With reliable tenants already in place, this investment property offers immediate cash flow and a hassle free ownership experience. The stable rental income provided a solid return of investment.

This investment property presents an excellent opportunity for buyers seeking a reliable income stream with minimal effort. With the current tenants who are wanting to continue renting, this property is a smart choice for investors looking for maximize there returns while minimizing their involvement.

Don't miss out on this fantastic investment opportunity!

Features

7
4
2
Pets Allowed
Yes
Interior
Bedrooms
7
Bathrooms
4
Kitchens
4
Reception Rooms
7
Furnished
Exterior
Garages
2
Carports / Parkings
10
Sizes
Land Size
727m²

Raisethorpe, 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

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

21,674.14

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