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R700,000

Monthly Bond Repayment R7,344.79
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Levy
R1,300
Monthly Rates
R553

Investor-Friendly Financing Options

The property has been designed with the specific needs of students in mind. Features such as study nooks, ample storage space, and a communal area enhance its attractiveness to students, making it a sought-after option in the competitive student accommodation market.

The property's appeal to leasing means lower vacancy rates, providing investors with a stable and reliable rental income stream. This makes it an excellent long-term investment, with the potential for continuous returns.

The property benefits from being in Musgrave area where the rental population is consistently growing. This not only ensures a steady demand for student accommodation but also contributes to the property's potential for appreciation in value over time.

Close to all amenities, schools and public transport at your door step.

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Features

2
1
Interior
Bedrooms
2
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
1
Security
Yes
Sizes
Floor Size
58m²
Land Size
677m²

Musgrave, Durban

Introduction In Durban, South Africa, Musgrave is a lively bustling city suburb characterised by its beautiful green environment, beautiful homes and active community. Designed for families, professionals and retirees, the area combines suburban calmness with urban convenience. In case you want to relocate or simply tour around Musgrave offers an uncommon and engaging living life. Area History From the...
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Disclaimer: While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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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

7,344.79

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