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R1,499,000

Monthly Bond Repayment R15,985.78
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R840

Unleashing Potential: Investment Located on Varsity Drive!

Calling all investors! Masterfully tucked away, this substantial property offers the magnificent opportune moment you've been awaiting, a quintessential investment opportunity at R1499 000 that is set to yield enviable returns. Situated within stones-throw proximity to the renowned UKZN, Reservoir hills, this commodious abode is a must-see for all discerning investors.

The main house, a marriage of design and functionality, boasts an expansive and welcoming lounge, a fitted kitchen, a commodious dining room, and family bathroom and guest loo. Comprising 3 restful bedrooms, this superb space invites you to unleash its potential.

Further enhancing the property’s ambitious multi-faceted offering, you’ll discover 2 separate self-contained one-bedroom units. Both are prime for rental income generation, catering to the constant demand for residences within close proximity to UKZN.

Discerning investors will appreciate the consideration into value-adding extras. Not forgetting the included inverter and timer, ensuring efficient energy use and guaranteed consistency.

The sprawling estate comfortably houses 10 vehicles inclusive of a secure double garage and a capacious carport for 4 vehicles. A bonus for prospective tenants and a sure magnet for investment returns.

The expansive pet-friendly garden, a canvas for your green thumb or a haven ensuring prospective tenants enjoy the suburban suburbs' idyllic charm, enhances the property's allure.

Designed to empower both investor and tenant, this property is close to all amenities one could wish for. From everyday convenience to facilitative services, everything is almost within arm's reach.

Time is ticking, don't let this investment opportunity pass you by. Act today and make this your next investment acquisition. Contact me for more information and viewing arrangement. Embrace the essence of investment and explore the potential of Reservoir Hills.

Features

5
3
2
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
3
Kitchens
1
Reception Rooms
2
Exterior
Garages
2
Carports / Parkings
4
Security
Yes
Flatlet
2
Domestic Accommodation
1
Sizes
Floor Size
253m²
Land Size
1,480m²

Reservoir Hills, 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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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.

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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

15,985.78

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