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R2,290,000

Monthly Bond Repayment R24,816.89
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R2,594

5 Bedroom house with 3+1 bedroom flatlet

Immediate return on investment that will cover your rates bill as well. 2 independent homes(1 character, 1 modernised) on 1 plot of land with a further granny flat. 16 parkings in total(double garage and shaded parking for 2 cars)located on the doorstep of Durban girls.

The main house is a character home, floors recently packed filled and now has modern porcelain tiles. The theme is still very much classic wood with stunning stained glass windows The lounge and dining area is a massive open plan with doors that open to a private side garden. There is a potential 5th bedroom downstairs with a guest toilet. The kitchen is fully fitted with 5 Gas burners and standard electric stove, eye level oven and extraction. Granite counter tops, quality wood cupboards and a separate scullery or laundry. Lena Ahrens entrance has an automated wide gate that can accommodate 6 cars, 2 will have shaded chrodek roofing.
There is a spacious backyard with a large pool. Adequate storage under the property. Nice, leafy garden.

The outbuilding is actually a separate 3 bedroom house with modern finishes. Its has 3 large bedrooms all with personal vanities and loads of cupboards space. 2 baths, one with shower and 1 with a tub. The kitchen is amazing with a hob, oven and extraction. Entire unit has aluminium windows and burglar bars. Pre-paid meter. 2 Garages, its own entrance via Edmonds road, all within automated security gates, the yard can easily accommodate another 4 cars in tandem and there is a further servitude section on this ERF that can accomodate a further 4 cars in tandem. There is also a possibility of using the Lena Ahrens entrance.
A 1 bedroom granny cottage with a separate kitchen, bathroom and sleeping recess.

Features

5
2.5
2
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
2.5
Kitchens
1
Reception Rooms
2
Studies
1
Exterior
Garages
2
Carports / Parkings
6
Security
Yes
Flatlet
1
Domestic Accommodation
1
Pool
Yes
Sizes
Land Size
888m²

Glenwood, Durban

Nestled in the heart of Durban, Glenwood is a vibrant and culturally diverse suburb that embodies the perfect fusion of historical charm and modern living. Known for its tree-lined streets, beautiful architecture, and lively community spirit, Glenwood offers residents and visitors a delightful experience with its blend of cultural richness, recreational opportunities, and convenient amenities. Historical...
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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:

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

24,816.89

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