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R620,000

Monthly Bond Repayment R6,505.39
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R1,125
Sectional Title Levy
R1,054

Prime Investment Opportunity: Two-Bedroom Apartment Near CBD - Needs TLC!

SOLE MANDATE!
Calling all investors! This two-bedroom apartment, located just minutes from the CBD, is a golden opportunity for those looking to capitalize on location and potential. With a little TLC, this fixer-upper could be transformed into a high-yield rental or a stylish city pad. Two well-sized bedrooms offering bright, airy spaces. Open living and kitchen area with a flexible floor plan. Prime location just a short walk or commute to the CBD, perfect for professionals and students. Untapped potential - bring your vision and creativity to breathe new life into this space. High-demand area is ideal for future rental income or resale value.

With the right updates, this apartment can shine and offer substantial returns. Whether you're an experience investor or a first-time buyer, this is your chance to secure a property in a sought-after area at an unbeatable price. Don't miss out - book a viewing and explore the possibilities today!

Features

2
1
Interior
Bedrooms
2
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
1
Security
Yes
Sizes
Floor Size
69m²
Land Size
10,175m²

Arboretum, Richards Bay

Introduction Welcome to Richards Bay, a vibrant coastal city on the Indian Ocean coast of KwaZulu-Natal, South Africa. Its natural beauty, busy port and relaxed lifestyle make it a perfect blend between urban living and beach living for the residents and visitors alike in Richards Bay. For those contemplating relocation or just visiting this place, it has unique picturesque landscapes as well as a rich cultural...
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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

6,505.39

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