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R570,000

Monthly Bond Repayment R6,078.65
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Levy
R1,170
Monthly Rates
R553

GREAT INVESTMENT OPPORTUNITY!

Incredible opportunity for investors or first-time homebuyers! This spacious apartment boasts one and a half bedrooms, a well-equipped kitchen with ample cupboards, and a fully furnished bathroom. With the added convenience of one open bay parking, this property is a gem. Located just opposite the DUT campus, it offers an ideal location for students.

What makes this investment even more appealing is its current use as student accommodation. Two students share the main bedroom, each paying R2500, while the occupant of the half bedroom rents it for R2800. With these rental incomes, the property practically pays for itself!
Plus, you'll enjoy easy access to public transport and the convenience of walking distance to Berea Center. Don't miss out on this fantastic investment opportunity!"


Operating in terms of a franchise agreement with TYSON PROPERTY HOLDINGS (PTY) LTD

Features

1.5
1
Interior
Bedrooms
1.5
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
1
Security
Yes
Sizes
Floor Size
58m²
Land Size
577m²

Musgrave, 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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Durban's Hot Property Locations
Chris Tyson, chief executive officer of Tyson Properties, says as Africa’s fastest growing city, Durban is an exciting place to work, play and live in.   Tyson explains that KwaZulu-Natal is one of the...
 
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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

6,078.65

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