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R1,299,000

Monthly Bond Repayment R13,852.92
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R1,070.2

Well-suited for a rental investment with multiple income streams-Southernwood!

This property presents a fantastic chance to invest in a bustling urban area. The spacious main house boasts 5 well-sized bedrooms, providing ample room for tenants.

Additional features include:

Three outside rooms that offer extra rental potential or guest accommodation.
A caretaker’s hut for on-site management or additional support.
The basement has been thoughtfully converted into a modern two-bedroom flat, complete with a stylish kitchen and a convenient shower room, offering a comfortable living space.

The property is fully walled, ensuring privacy and security, with a concrete and paved outdoor area that includes a communal braai (BBQ) area for tenant enjoyment. The communal kitchen is equipped with individual locker space for each tenant’s convenience.

With a potential rental income of R24,000 per month when fully tenanted, this property is an excellent investment opportunity in a vibrant urban setting.

Seize this chance to invest in a property with strong rental income potential and versatile living options. Contact us today to arrange a viewing!

Features

9
2
Pets Allowed
Yes
Interior
Bedrooms
9
Bathrooms
2
Kitchens
2
Exterior
Carports / Parkings
4
Security
Yes
Flatlet
1
Domestic Accommodation
1
Sizes
Floor Size
168m²
Land Size
455m²

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

13,852.92

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