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R4,250,000

Monthly Bond Repayment R41,013.42
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

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Monthly Rates
R3,498

DEVELOPMENT POTENTIAL IN PRIME ESSENWOOD

This centrally located property has been rezoned as Intermediate Residential in terms of the densification policy under the Urban Core Plan. This rezoning permits the development of ten units of approximately 113m2 each in a four storey building. The FAR excludes the basement parking.

The existing home on the property is a double story, offering style and elegance for the discerning buyer. The gracious formal lounge and dining room opens out to the sheltered and covered patio that overlooks the swimming pool. The expansive family room offers both a dining and lounge area with glass sliding doors that open to the side patio with views of Durban's skyline. The kitchen features bespoke cupboards with glass display cabinets and natural stone countertops. There is an under counter oven with an electric hob and an extractor hood. The carpeted staircase leads to the four bedrooms upstairs. The main bedroom features a walk in wardrobe as well as built in cupboards and an en-suite bathroom. A large picture window in the main bedroom offers excellent views of Durban's skyline. The en-suite features double basins, a bath and a toilet. The three bedrooms share the family bathroom which offers a shower, basin and toilet. The three garages have an electric door directly off the street and the property offers additional parking for four cars. The workshop / storeroom is located in the garages with the separate outside laundry just outside the back door. The staff quarters are at the rear of the property.

Features

4
2.5
3
Interior
Bedrooms
4
Bathrooms
2.5
Kitchens
1
Reception Rooms
4
Exterior
Garages
3
Carports / Parkings
4
Security
Yes
Pool
Yes
Sizes
Land Size
942m²

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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

41,013.42

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