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R640,000

Monthly Bond Repayment R6,825.15
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Sectional Title Levy
R957

Newly renovated 2 bed in Southernwood

Harcourts Mercantile presents a beautiful 2-bedroom flat centrally located in Southernwood. The property has been recently been renovated inside, with new tiles fitted and a new kitchen fitted in. You will have plenty of cupboard space, everything has been done perfectly. The current owner uses the property for rental income, all rooms are fully occupied, including the lounge used as a 3rd room, there lounge comes with a balcony as a bonus.

The property is well secured, and the whole yard is walled, with 2 gates for vehicles and walk-ins. The vehicle gate is motorized, operated by remote and the walk-ins gate uses a biometric system, tenants scan their fingers. There are enough parking bays for all tenant vehicles.
The current owner rents the 3 rooms as follows:
Main bedroom = R 2 800 per month
Guest Room = R 2 000 per month
Lounge = R 3000 per month
Total = R 7 800 per month rental

Call me now for viewing this great investment opportunity.

Features

2
1
Interior
Bedrooms
2
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
3
Security
Yes
Sizes
Floor Size
76m²
Extras
Security Gate • House Style: Contemporary • Unit Style: Highrise • Views: City • Views: Park • Living Area: Formal Lounge • Kitchen: New • Kitchen: Dishwasher • Kitchen: Microwave • Main Bedroom: Double • Main Bedroom: Walk-in-robe • Bedroom 2: Double • Bedroom 3: Double • Insulation: Ceiling • Heating / Cooling: Electric • Land Contour: Flat • Condition: Renovated • Sewerage: Mains

Southernwood, 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

6,825.15

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