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R7,900,000

4 SS OCEAN EDEN, 2 Cherry Lane

Monthly Bond Repayment R85,612.86
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Levy
R7,286
Monthly Rates
R4,000

The Pearl of Pennington!

This upmarket property is one of only a few located on the beach side of the railway line on the south end of Cherry Lane and forms part of a sectional title consisting of 3 properties. The house is fully walled with an electric fence and there is a night guard that patrols these three properties as well as the other two in adjoining sectional title. The home consists of 7 bedrooms and 6 bathrooms with two lounges, one upstairs flowing out onto a lovely covered balcony with gorgeous patio furniture to lay back on and enjoy the magnificent sea views.
The downstairs lounge flows through to the bar area with stacking doors opening out onto the pool area and covered entertainment area. There is a level front garden with a built in braai and fire pit.
The large bedroom on the north end of the house sleeps 6 and was originally double garages so one could easily change it back into garages.
There is direct beach access through a gate at the bottom of the property. One can enjoy snorkelling, swimming and fishing on this beautiful beach and the popular Umdoni Point is a well known fishing spot is in walking distance to the south.
The home is currently let out as a holiday rental @ R7000 per day so is an excellent income generator over the busy seasons, April and December.
The levy amount included in this listing is inclusive of water and electricity to show an average monthly cost.
Furniture can be negotiated over and above the sales price.

Features

7
6
Pets Allowed
Yes
Interior
Bedrooms
7
Bathrooms
6
Kitchens
1
Reception Rooms
3
Exterior
Carports / Parkings
2
Security
Yes
Pool
Yes
Sizes
Floor Size
508m²
Land Size
3,512m²

Pennington, Pennington

Pennington is a much-loved holiday destination on KwaZulu-Natal's south coast. With breathtaking beaches, warm waters and a welcome respite from the hustle and bustle of city life, who wouldn't want to make Pennington their home? A brief history of the area  Pennington is named after an English family who arrived in the late 19th century and farmed in the area. Later, a sugar magnate named Sir Frank...
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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

 

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Monthly Payment

85,612.86

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