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R3,800,000

Monthly Bond Repayment R41,180.87
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,572

All investors look at this property

Glen Park is a popular residential suburb in Pinetown, KwaZulu-Natal. It is known for its quiet and established streets, as well as its proximity to schools, shopping centers, and major highways.

The property is an excellent investment opportunity, given its size, location, and rental potential. It is also likely to be appealing to a wide range of buyers, including investors, families, and businesses.

Here is a summary of the key features of the property:

*16 bedrooms
*8 bathrooms
*1 ensuite
*8 kitchens
*Open plan lounge and dining area
*Beautiful garden with a large pool and braai area
*2x entertainment areas with awnings
*Double garage
*Lots of open parking

Currently rented out to 7 tenants, generating R40k per month in income
Main building occupied by owner, but could be rented out for an additional R16k per month.

The kitchen is very modern and colour coded cupboards. Has a massive open plan lounge and dining area on the other side is a fully stocked bar area for those very big parties over the festive seasons, Right in the middle of the lounge there is a big fireplace for those cold winter months. The main bedroom comes with an en-suite and all bedrooms have built ins.
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The yard is massive with a beautiful garden ,a big sparkling pool ,double garage loads of open parking.

Call me for a private viewing on 061 531 8634

Features

16
8
2
Pets Allowed
Yes
Interior
Bedrooms
16
Bathrooms
8
Kitchens
8
Reception Rooms
14
Exterior
Garages
2
Carports / Parkings
2
Security
Yes
Pool
Yes
Sizes
Floor Size
2,044m²

Glen Park, Pinetown

Pinetown is a larger area that is part of the eThekwini Metropolitan Municipality, inland from Durban in KwaZulu-Natal. The area is laced with greenery which provides beautiful surroundings to all its residents. Pinetown hosts various types of homes that are suitable for couples, families and investors. A brief history of the area Pinetown is rich in history and began in 1850 when it was named after...
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Disclaimer: While every effort will be made to ensure that the information contained within the Seeff Property Group website is accurate and up to date, Seeff Property Group 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

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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

41,180.87

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