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R3,490,000

Monthly Bond Repayment R37,821.38
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,500

3 Bedroom House with 4 flatlets - investors dream Buy

This property is situated in Beautiful Birdswood, and it comes with the option of all 5 units already having tenants.

Main house: 3 Big Bedrooms, with the main bedroom having an on-suit bathroom, and all rooms have ceiling fans.
Open plan lounge, dining room, and beautiful Kitchen.

The second bathroom has a toilet, basin, and shower.

There is also an extra entertainment area that can be used as a 4th bedroom

A luxurious jacuzzi area that is perfect for the whole family

Granny flat: The Granny flat comes fully furnished, and has an open plan lounge and kitchen, a separate bedroom with an on-suit bathroom, and a separate courtyard.

There are 3 x 2 bedroom flatlets, each with an open plan lounge and kitchen, The rooms are very spacious with built-in cupboards and ceiling fans.

The property has 3 different entrances,

The current rental income is as follows:
Main House - R10 000pm
Granny flat (furnished) - R6 000pm
3x 2 bedroom flatlets - R6 500pm

Total rental income: R35 500pm

Contact me today to come and view this amazing investment!!

Features

3
2
2
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
2
Kitchens
1
Reception Rooms
2
Exterior
Garages
2
Carports / Parkings
10
Flatlet
4
Sizes
Floor Size
163m²
Land Size
1,150m²
Extras
Electric Gate • Totally Walled • Jacuzzi • Washing Machine Connection

Birdswood, Richards Bay

Birdswood is a suburb of Richards Bay, KwaZulu-Natal. It is about 202 km northeast of KwaZulu-Natal's capital city of Pietermaritzburg and 176 km from the coastal city of Durban. It is a well-loved area of Richards Bay, nestled between surrounding suburbs like Veld en Vlei and Arboretum. Road names in Birdswood are charmingly named after birds. Loerie Lane, Lark Loop, Bulbul Bend and Gallinule Gait are a few notable...
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A day of family fun at the Richards Bay Festival
On the 16th of December 2023, the Richards Bay Festival is set to transform the Richards Bay Rugby Club into a vibrant and bustling hub of creativity, music, and gastronomic delights. Hosted by accomplished market vendors Demian...
 
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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

37,821.38

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