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R490,000

Monthly Bond Repayment R5,225.51
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R159

Vacant Land With Views

This cleared plot in Emerald Heights, Port Alfred, offers a tranquil setting with a picturesque sea view. The property is enclosed by sturdy 2.2-meter-high precast boundary walls, providing both security and privacy. The dimensions of the plot are 35 meters in length and 23 meters in width, offering ample space for designing and constructing a beautiful home.
From the elevated vantage point within Forest Downs, residents can enjoy breathtaking views of the surrounding natural landscape and the Indian Ocean. The cleared plot provides a blank canvas for the realization of a dream home, taking full advantage of the scenic coastal backdrop.
The seller of the property possesses approved building plans, streamlining the process for potential buyers who wish to start construction promptly. Additionally, the seller is open to negotiating a price for the construction of the house based on the approved plans. This option allows buyers the convenience of a one-stop solution, simplifying the home-building process.
Overall, the Emerald Heights plot presents an opportunity to create a bespoke residence that capitalizes on the natural beauty of the location while benefiting from the convenience of pre-approved plans and the option for the seller to oversee the construction.

Forest Downs, Port Alfred

History In the early 1820's Port Frances and Port Kowie were founded. In 1841 South Africa's first man made harbour was opened here.  After numerous name changes, in 1860, Port Alfred was renamed in honour of Prince Alfred, Queen Victoria's son.   Location Port Alfred is located between 2 cities, Port Elizabeth and East London, on the breath-taking Sunshine Coast of the Eastern Cape. The distance from Port...
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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

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

5,225.51

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