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R2,875,000

1B Arnold Street

Monthly Bond Repayment R31,156.58
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R685

Excellent investment and development opportunity

We are excited to present this fantastic investment and development opportunity located in the heart of Observatory. The total land size is 593sqm, and there is a well-maintained 2-bedroom cottage occupying approximately 140sqm of the land.

The cottage has undergone a beautiful renovation. It features 2 double bedrooms with built-in cupboards, a bathroom with a shower, W/C, and wash basin, and an open-plan layout encompassing the living room, dining room, and kitchen. The kitchen is equipped with a built-in oven and stove, as well as plumbing for a dishwasher and washing machine. Additionally, there are stacker doors leading from the kitchen to a small courtyard at the back of the cottage.

The remaining portion of the land, a large panhandle of approximately 350sqm, presents exciting development opportunities.

Features

2
1
Pets Allowed
Yes
Interior
Bedrooms
2
Bathrooms
1
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
5
Security
Yes
Sizes
Floor Size
105m²
Land Size
593m²

Observatory, Cape Town

Observatory, also known as Obs by the locals, is a mere few minutes away from Cape Town city centre. Observatory residents are an eclectic mix of academics, professionals, students, bohemian artists and young starter families. The suburb is named after the Royal Observatory which was founded in 1820, and is still operational and open to the public for tours. Its central location allows easy access to all...
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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

31,156.58

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