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R3,750,000

12 Cormoran, 80 Lagoon Drive

Monthly Bond Repayment R39,991.11
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Levy
R3,294
Monthly Rates
R2,041

RIGHT ON THE BEACH!!! SEAVIEWS

This beautifully finished and spacious 2 bedroom apartment is perfectly located with direct access onto Umhlanga's popular promenade and main swimming beaches. Offering a main bedroom (with an en-suite) which leads onto an open balcony and a 2nd bedroom plus a 2nd bathroom.

The open plan living area is light and airy with a lovely flow onto the open balcony offering garden and sea-views. A modern well fitted kitchen which is also open plan and ideal for easy living and entertaining.

Set in a well managed and secure complex in Lagoon Drive. An ideal holiday home and income generator popular for holiday lets or perfect as a starter home on the beach. Yielding excellent returns at present as this apartment has a very high occupancy.

Excellent for the investor who is looking for a high return on investment.

Don't delay.

Features

2
2
Interior
Bedrooms
2
Bathrooms
2
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
1
Security
Yes
Pool
Yes
Sizes
Floor Size
82m²
Extras
AirCon

Umhlanga Central, Umhlanga

The seaside town of Umhlanga Rocks on South Africa’s eastern coast is upmarket and vibrant. Situated 16 kilometres north of the city of Durban, the area has become a great focus of development in recent years, and is no longer just a coastal holiday mecca – it has become a thriving urban landscape too. Umhlanga has much to offer locals and visitors – a glorious subtropical climate, beautiful...
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Umhlanga UIP Drives Growth in Property Value
We’ve all heard the old adage “Location, Location, Location” when considering the purchase of property. Whilst there is much truth to this statement, quality management of a location is increasingly becoming a...
 
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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

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Monthly Payment

39,991.11

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