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R2,000,000

Monthly Bond Repayment R20,985.12
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R1,575

7 BEDROOM INVESTMENT PROPERTY

This investment property presents an outstanding opportunity for prospective buyers. It comprises four units: three units with two bedrooms each, and a fourth unit serving as a bachelor unit with one bedroom. Each unit is thoughtfully designed for comfort and functionality. The kitchens are equipped with built-in cupboards, ensuring ample storage space. Each bathroom features a shower, and the lounges in all units are spacious, providing a cosy and inviting environment for relaxation and entertainment.

For vehicle owners, the property offers two garages capable of accommodating two vehicles each, ensuring secure parking options. Additionally, there is ample parking space for another eight vehicles, providing convenience for residents and their guests. The property's tarred driveway enhances its appeal, offering a smooth and durable surface for vehicles.

Approaching the property, you'll be greeted by a picturesque front yard with a beautiful garden. This stunning home is situated atop a hill, offering panoramic views of the cityscape.

With dependable tenants already in residence, this investment property offers immediate cash flow and a hassle-free ownership experience. The stable rental income ensures a solid return on investment.

This property represents an exceptional opportunity for buyers seeking a reliable income stream with minimal effort. With current tenants eager to continue renting, this property is a savvy choice for investors looking to maximize returns while minimizing involvement.

Don't let this fantastic investment opportunity pass you by!

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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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

20,985.12

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