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R1,400,000

Monthly Bond Repayment R15,171.90
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,600

Income generator/investment house + 2 flats situated in sought-after suburb!!

The property requires work and attention to give it new life! It has a lot of potential and can be restored into a beautiful property ideal for an extended family looking to live on one property but in two separate dwellings. It is also ideal as an investment to rent out three dwellings on one property.

MAIN HOUSE: offers a lounge that opens up to the back garden featuring a pool(not operational) and thatch lapa. A dining room leads from the lounge and is next to the kitchen which offers a separate laundry area. There are three bedrooms all offering built-in cupboards. The main bedroom has a spacious full en-suite bathroom and a dressing area with built-in cupboards. The family bathroom offers a toilet, basin and bath.

FLAT: situated partially on top and next to the garage. The kitchen and bathroom are downstairs with the open-plan lounge and bedroom on top.

BACHELOR'S FLAT: adjacent to the main house and has a separate front entrance as well as a door from the laundry area of the main house. This can be used as part of the house as a guestroom suite or for the young adult looking for their own space. It consists of a combined lounge & bedroom leading to the bathroom and a small kitchenette area.

The property is ideally situated close to primary & secondary schools, a myriad of shopping facilities and within easy access to main arterial roads.

Features

4
3
2
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
3
Kitchens
1
Reception Rooms
2
Exterior
Garages
2
Carports / Parkings
2
Flatlet
1
Domestic Accommodation
1
Pool
Yes
Sizes
Land Size
902m²
Extras
24 Hour Access • Bachelor Studio • Built in Wardrobes • Burglar Bars • Cooling Fans • Cul_De_Sac • Curtain Rails • Domestic Bathroom Bathroom • Double Parking • Double Storey • Driveway • Flatlet • Garden • Granny Flat • Mainen Suite • Perimeter Wall • Tiled Floors • Teenpad

Randpark Ridge, Randburg

Randburg, a scenic neighbourhood in the heart of Johannesburg, is widely sought after as a place to live for its vibrant community, which includes magnificent mansions and buildings, commercial areas, and parks. Historically and culturally significant, it has played a major role in Johannesburg's development. It has long been a popular residential area because of its high quality of life and safe neighbourhoods....
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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

R
%

Monthly Payment

15,171.90

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