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R4,865,000

Monthly Bond Repayment R52,722.35
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R2,000

Earn an income while living in this Beautiful Home with stunning sea views and 3 Flats – Margate

This home is spotless and move in ready with no maintenance necessary. It can be used as a home for an extended family, easily converted into a Bed and Breakfast or one could let out the 3 flats as holiday or permanent letting. The main home is upstairs and is made up of 2 bedrooms with lots of cupboards and en suite bathrooms. The kitchen is spacious, has a center island, fitted with granite tops and has a separate scullery. The lounge and dining room are open plan plus there are 2 other small lounges. The entertainment area on the balcony has an enclosed bar and built in braai from where you can enjoy the lovely views plus there is an outside guest toilet. Two x one bedroom flats can be found downstairs with their own kitchen and lounge plus a private entrance. The 3rd flat can be found towards the back of the property, it has a bedroom en suite with kitchen and lounge. All the bedrooms are fitted with air conditioners. The well-maintained garden boasts a sparkling swimming pool with large palm trees flanking the drive way. There is also a staff quarters with a shower and toilet.

The property has a double automated garage and parking for extra vehicles. There are 2 x 5000 liter JoJo tanks, one fitted with a motor that feeds the house when necessary. The property is fibre ready and is fitted with an alarm system with outside beams.

Features

5
5
2
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
5
Kitchens
4
Reception Rooms
6
Exterior
Garages
2
Security
Yes
Flatlet
3
Domestic Accommodation
1
Pool
Yes
Sizes
Floor Size
400m²
Land Size
2,023m²
Extras
Above Road • Accommodation • Alarm System • Air Conditioner • Balcony • Built In Bar • Fibre

Margate, Margate

Margate is a bustling holiday town on the KwaZulu-Natal south coast. Real estate and property investors can choose from houses, villas, apartments, townhouses, cluster developments, security villages, retirement complexes, guesthouses and vacant land. Although is essentially a holiday town, it is occupied virtually year round. Margate is a coastal resort town in the Kwa-Zulu Natal province, about 20...
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In the news

Spectacular new eco-estate launched on the KZN South Coast
Margate on the beautiful KZN South Coast is home to a spectacular new 120ha eco-estate, Serenity Hills. This is welcome news for the area given the high demand for sustainable living, says Michelle Harris, licensee for Seeff...
 
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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

52,722.35

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