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R6,500,000

Monthly Bond Repayment R67,092.25
Calculated over 20 years at 11% with no deposit. Change Assumptions

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Monthly Rates
R4,387.6

Rental Investment Opportunity with Four Units

This spacious, older Durban home has been divided into four rental units. The property sits on a large 1800 square meter plot, offering sea views and a sizable garden.

The main house can be converted back into a single large home by simply removing a partition.

The Pool and Braai Area are Located to the side of the house, providing privacy.
There’s a Separate Laundry Room which can be kept exclusive to the main unit or used as communal for all the residents. There are also staff quarters which can be used for storage with a full bathroom for maintenance to use.

Main House:

Downstairs: Three en-suite bedrooms, an additional bathroom, large patio, kitchen with scullery, two lounges, formal dining room, and an informal living area on the enclosed patio with garden and sea views.

Upstairs: Separate entrance, large balcony with sea views, open-plan kitchen, lounge, and dining area, three bedrooms, two bathrooms (main bedroom en-suite).

Above the Garages:
Two-bedroom, one-bathroom flat with a balcony, open-plan kitchen, and living area.

Garden Flat:
One and a half bedroom flat with one bathroom, open-plan kitchen, and lounge area.

With four garages and enough space to park an additional car behind each one, this property has plenty of space for a large family or multiple tenants.

Located in the sought-after area of Umhlanga Rocks, this property benefits from its proximity to beautiful beaches, vibrant shopping centres, and a variety of dining options. The area is known for its safe, family-friendly environment and excellent schools, making it an attractive location for tenants and homeowners alike.

Features

9.5
8.5
4
Pets Allowed
Yes
Interior
Bedrooms
9.5
Bathrooms
8.5
Kitchens
4
Reception Rooms
9
Exterior
Garages
4
Carports / Parkings
5
Flatlet
3
Domestic Accommodation
1
Pool
Yes
Sizes
Land Size
1,819m²

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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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

67,092.25

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