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R2,249,999

Monthly Bond Repayment R23,224.23
Calculated over 20 years at 11% with no deposit. Change Assumptions

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Monthly Rates
R1,800

Double stand Melville house and three separate income generating cottages.

Large, secure, peaceful and offering many possibilities, this property consists of a very charming house, 3 cottages and a storeroom, all set in a beautiful garden with a good size pool. Currently generating a substantial rental income, this property has 2 separate automated vehicle gate entrances, allowing parking for up to 7 cars.
The main house, with its high ceilings and wooden floors, consists of 2 large bedrooms, a dining room opening to a warm cozy lounge with a sliding door to gain access to the pool area and back garden.
The kitchen is spacious and bright and is connected to the mainline gas supply. It also has the added bonus of a scullery.
The bathroom has a bath and a shower.
The house has a front and side veranda as well as a patio at the back which provides a choice of spaces for entertaining and outdoor living.
It also has its own private front garden with beautiful established trees. Its own automated entrance gate leads to a carport with space for up to 4 cars.
Two of the cottages are separate units ideally situated on each side of the back garden. One is a studio open plan overlooking the pool and the other has a separate bedroom and lounge with a lovely pergola terrace.
The third cottage is attached to the main house. It is a bright studio with a separate kitchen area. It could easily be reconfigured to add a third bedroom and a second bathroom to the main house.
All 3 cottages have their separate access through the automated garage and driveway. They all have their own DB boards, making them ready to have pre paid electricity meters installed.
The large storeroom that backs onto the cottage overlooking the pool can be converted into extra accommodation or turned into a home office, a workshop or a music/art studio. Plans have been drawn and approved.
Ideally positioned within the tight-knit community that is Melville, this property offers privacy and tranquillity without compromising on the proximity to excellent shopping facilities, restaurants and coffee shops (most within walking distance), schools and universities, hospitals and main arterial routes to North and South.
Key Property Features:
• Double plot property - 1142 m2
• Fibreinternet
• Alarm system comprising beams, sensors and panic buttons
• Upgraded electrical system
• JoJo tank 1000L to water the garden and top up the pool
• Fitted gas heater in the main house
• Extra storage room under the house

Features

3
4
2
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
4
Kitchens
4
Reception Rooms
3
Exterior
Garages
2
Carports / Parkings
3
Security
Yes
Flatlet
3
Pool
Yes
Sizes
Floor Size
226m²
Land Size
1,142m²

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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

 

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Monthly Payment

23,224.23

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