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R1,650,000

Monthly Bond Repayment R17,881.17
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Levy
R0.0
Monthly Rates
R651

Student Accommodation or a Business Opportunity .

Student Accommodation or run your own business . Calling all investors .

This expansive property, occupying a generous 1012 square meter piece of land, presents a prime opportunity for those seeking student accommodation or an investment venture. Conveniently located just about 2.2 kilometers from Mangosuthu University, it is an ideal choice for student housing.

Additionally, its proximity to the bustling business district makes it equally appealing for entrepreneurs looking to establish or expand their business.

This property features six spacious bedrooms, with two of them cleverly partitioned to generate an additional rental income stream. Complementing these are three generously sized bathrooms, an open-plan living area seamlessly integrated with a modern kitchen and loads of counter space for easy meal preparation.

The living area extends onto a covered patio, overlooking an expansive open garden space, providing an inviting environment for hosting gatherings with family and friends.

Furthermore, the garage has been thoughtfully converted into a three-bedroom flatlet, complete with a living area and a compact kitchen, creating yet another income-generating opportunity. Both units are equipped with prepaid meters, ensuring convenience and financial control.

In addition, a sizable carport capable of accommodating two cars adds to the property's practicality.

Safety and security have not been overlooked, as the property is equipped with burglar bars, gates and an alarm system, offering peace of mind to its residents.

This versatile investment property is a valuable addition to any property portfolio.

Don't miss out on this opportunity, make the smart move and contact me to schedule a viewing today.

Features

9
4
Pets Allowed
Yes
Interior
Bedrooms
9
Bathrooms
4
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
4
Security
Yes
Flatlet
2
Sizes
Land Size
1,012m²
Extras
24 Hour Access • Air Conditioner • Alarm System • Awning • Garden • Granite Tops • Guest Toilet • Built in Wardrobes • Burglar Bars • Curtain Rails • Driveway • Open Plan Room • Outdoor Beams • Oven & Hob • Tiled Floors • Totally Walled • Under Counter Oven • Veranda • Fan • Satellite Dish
 
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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

17,881.17

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