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R1,100,000

Monthly Bond Repayment R11,920.78
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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RENOVATORS DREAM

This property presents a great investment opportunity, as it has the potential to become a fantastic home for a large family or generate additional income. With a little tender loving care (TLC), this property can be transformed into your dream home or a lucrative investment.

The property is well secure, providing a safe environment for residents. It also offers ample parking space, which is a valuable feature for both residents and potential tenants. Additionally, there is enough space available for future extensions with over 1700m2, allowing you to customize the property according to your needs or increase its value.

The main home, located upstairs, features three bedrooms and two bathrooms. It includes a kitchen and an open plan kitchen and dining area, creating a comfortable living space. Downstairs, there is a two-bedroom unit that can generate income, providing an opportunity for rental or additional accommodation for extended family members.

In addition to the income generating unit, there is a separate two-bedroom outbuilding on the property. This outbuilding also offers the potential for generating income, making it another attractive feature for investors or homeowners looking to maximize the property's value.

Priced at R1,100,000, this property is competitively priced, providing an excellent opportunity for those looking to enter the property market or expand their investment portfolio. With some TLC, you can turn this property into your dream home or capitalize on its income-generating potential.

Features

3
2
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
2
Kitchens
1
Reception Rooms
2
Sizes
Land Size
1,718m²

Allandale, Pietermaritzburg

Pietermaritzburg, which is situated within the Msunduzi Municipal boundary, is the capital and second-largest city of the KwaZulu-Natal province. Pietermaritzburg is called Maritzburg by the locals and is often abbreviated to PMB. The area is centrally located between Durban and the Drakensberg and is famous for hosting sports events such as the Comrades or Dusi Marathon. Pietermaritzburg is a family-orientated area...
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Take a trip to the picturesque Cumberland Nature Reserve
Pietermaritzburg is a city with lush green landscapes, a variety of animal life and an abundance of wild and indigenous flora. The Cumberland Nature Reserve is located to the east of Pietermaritzburg and is a sprawling...
 
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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

11,920.78

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