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R595,000

Monthly Bond Repayment R6,243.07
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Discover Hidden Potential in This Affordable Gem!

Introducing a unique property in an accessible, offering a remarkable opportunity for savvy investors and first-time homebuyers alike. This property features a two-bedroom main house complemented by four outside rooms and a spacious garage, all ripe for customization and with significant income-generating potential.

The two-bedroom house, with a bit of work, can transform into a cozy and inviting home. Income Opportunities: The four external rooms present a golden opportunity to generate rental income. Perfect for catering to the local demand for affordable living spaces, these rooms can help cover mortgage payments or contribute to your income stream.
The included garage offers additional space for storage, parking, or could be creatively converted to further expand your living area or rental offerings.

This property is a standout option for those looking to enter the real estate market at an accessible price point. It offers the chance to not only build equity through improvements and customization but also to tap into the rental market in an area with a consistent demand for affordable housing options.

While this home and its additional rooms require some investment to realize their full potential, the affordable entry price and rental income prospects make it an excellent opportunity for the right buyer. Whether you're aiming to create a personal home with character, establish a diverse investment portfolio, or explore the possibilities of becoming a landlord, this property offers a solid foundation to build upon.

Seize the opportunity to invest in a property with great potential and affordability. Contact us to learn more and envision how you can make this space your own or turn it into a profitable investment.

Features

6
3
1
Interior
Bedrooms
6
Bathrooms
3
Kitchens
1
Reception Rooms
1
Exterior
Garages
1
Flatlet
1
Sizes
Land Size
325m²

Mdantsane Nu 1, East London

Located halfway between Durban and Cape Town, and at the northern end of The Sunshine Coast, property investors will come home to a city with a seaside lifestyle. A sub-tropical climate compliments golden sun kissed shores, where waves soak the sand on pristine, uncommercialised beaches. In East London, there is a place for everyone to call home. If your budget and lifestyle is conducive to luxury living, suburbs...
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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

6,243.07

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