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R1,789,000

Monthly Bond Repayment R19,078.43
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R879

Versatile property that offers both communal living and potential rental income.

This versatile property provides communal living options and potential rental income from the three additional flats.

Main House (Upstairs):
- Three bedrooms, one bathroom, lounge, dining area and open-plan kitchen

First Flatlet (Downstairs):
- Three bedrooms, one bathroom, separate lounge, dining area, and large kitchen

Second Flat:
- Open plan living space - Includes space for: Open plan bedroom, lounge area, and kitchen area

Third Flat (Backyard):
- One bedroom, open-plan lounge and kitchen

Additional Features:
- One garage (for secure storage or parking), borehole, enclosed property with precast walls and sliding gate, close to Primary school and near main road for public transport access

Potential Uses:
- Main House: Ideal for a family looking for a spacious living area with three bedrooms and communal living spaces.

- First Flatlet: Suitable for renting out to tenants who prefer a larger space with separate living and dining areas.

- Second Flat: Can be rented to a single person or a couple looking for a compact, open-plan living arrangement.

- Third Flat: Perfect for a single tenant or possibly a couple, offering privacy in the backyard.

Investment Opportunities:
- Rental Income: You have the potential to generate income from three separate flats while occupying the main house yourself.

- Storage or Parking: The garage can be used for additional storage or to secure parking for one vehicle.

- Location: Being close to a Primary school and public transport makes the property attractive to tenants with children or those who rely on public transportation.

Conclusion:
This property offers a mix of communal living and rental income opportunities, making it versatile for different types of occupants or investors. The layout ensures privacy for each unit while sharing the location's convenience and nearby amenities.

Registered with the PPRA.

Features

8
4
1
Pets Allowed
Yes
Interior
Bedrooms
8
Bathrooms
4
Kitchens
4
Reception Rooms
6
Exterior
Garages
1
Carports / Parkings
1
Security
Yes
Flatlet
3
Sizes
Floor Size
265m²
Land Size
426m²
 
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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

R
%

Monthly Payment

19,078.43

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