R1,890,000
R1,890,000
Monthly Bond Repayment R19,508.36
Calculated over 20 years at 11% with no deposit.
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Monthly Rates
R1,143
R1,143
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Investors Ahoy!
This spacious, nearly level property is in a quiet, family-friendly neighbourhood with convenient access to local shops, public transport, and schools.
It is fully walled, providing ample secure off-road parking for all occupants.
The original house has been refurbished (brand new roof & windows) and the newer bachelor units (Units Three and Four) were recently built. The owner occupies Unit Two, while the other four units have tenants. Each unit is equipped with a prepaid electricity meter, and the potential income, if all units are rented out, is R24,000 per month.
Property Breakdown:
Original House (Divided into Units One and Two)
Unit One: Approximately 100 m², featuring two large bedrooms, a family bathroom, an open-plan lounge, and a fitted kitchen. This unit also has Oregon pine floors, aluminium windows, a veranda, and a pool.
Unit Two: Approximately 60 m², includes a fitted kitchen, lounge, one bedroom, and a bathroom, along with Oregon pine floors and aluminium windows.
New Structure (Units Three and Four)
Units Three and Four: Approximately 35m² each are mirror images of each other. Each unit features a veranda, an open-plan lounge, a kitchen, a semi-private bedroom, and a bathroom. Both have tiled floors and aluminium windows.
Unit Five: Approximately 45m² is the original flat on the property, it has two co-joined bedrooms, a lounge, a bathroom, and a small kitchen area.
A property like this is worth your consideration; your tenants will provide a source of passive income, and the property will appreciate over time. Additionally, the original house (Units One and Two) can easily be converted back into a three-bedroom house by removing the separating walls.
Contact me for an appointment to view this property today!
Features
Pets Allowed
Yes
Interior
Bedrooms
7
Bathrooms
5
Kitchens
5
Reception Rooms
5
Exterior
Carports / Parkings
12
Flatlet
5
Domestic Accommodation
1
Pool
Yes
Sizes
Floor Size
300m²
Land Size
2,380m²
Hillary, Durban
The city of Durban is rich in culture, warmth and personality. The view of the city skyline with the iconic Moses Mabhida Stadium arch rising from the bay on a crisp blue afternoon is breathtaking. There are miles of gorgeous beaches and vegetation-dense inland hills rising behind the city borders, when the need to get out and explore beckons. This raw beauty has guaranteed that Durban has and always will be a...
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Disclaimer: While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
