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R1,500,000

Monthly Bond Repayment R15,482.83
Calculated over 20 years at 11% with no deposit. Change Assumptions

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Monthly Rates
R1,100

POTENTIAL INCOME GENERATING HOUSE ON 1000sqm OF LAND.

This solid house with a renovated roof, has 5 Bedrooms, 2.5 bathrooms, huge lounge / dining room with an original fireplace (sealed up) and wooden floors.

There is potential for an easy inexpensive conversion of one of the bedrooms of this house into a separate 1 bedroom, lounge, bathroom & kitchenette. This can be achieved by simply sealing off two doors from the rest of the house, as this part of the house also has it's own separate entrance with a wheelchair ramp and a private garden. This makes this part of the house that perfect income generator, as you could rent it out.

The Bachelor Pad located behind the 1 lock up garage, has its own db board, tiled, kitchenette, shower / loo and basin.

The main house has a large original kitchen with a separate scullery/pantry.

The property has 1 Jo-Jo tank.

The level drive in access securely parks 8 cars behind an automated vehicle gate.

The small grass area and large paved area is low maintenance and the house is complimented by the lovely spacious wrap around veranda.

There is huge potential for this home, as it could also be sub-divided.

This house offers absolute value for first time buyers or investors looking for a rental income to supplement the bond installments.

The house is also ideal for medical practice or home offices, etc.

This gem is set in a quiet road off Bartle Road. Close to shops, schools, bus route, etc. Short drive to UKZN, Medical College on Umbilo Road or DUT.

Call me to view this amazing value for money home with so much potential.

Working in conjunction of a Franchise agreement with Tyson Property Holdings (PTY) LTD.

Features

5
2.5
1
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
2.5
Kitchens
1
Reception Rooms
2
Exterior
Garages
1
Carports / Parkings
8
Security
Yes
Flatlet
1
Sizes
Land Size
1,000m²

Umbilo, 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

15,482.83

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