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R3,450,000

Monthly Bond Repayment R33,866.70
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R1,060

3 BED HOME WITH 1XBACHELOR AND 4X1BED FLATS

The income generating property consisting of a 3 bedroom house, 1 bachelor flat and 4 1 bedroom garden flats is within walking distance to Grey's Hospital and Midlands Liberty Mall, situated in the suburb of Chasedene in the cultural rich city of Pietermaritzburg in KwaZulu-Natal. The rental generated could almost pay for the monthly bond repayment. This home has a park- like garden set on over an acre of plumb level land with a stream over the boundary fence on the eastern side. Inside the house is a lounge with a fire place, open plan kitchen with a scullery area, dining area, 3 bedrooms with built in cupboards and a full bathroom with a separate shower. Outside there is a porch overlooking the swimming pool and garden. There is also 2 carports on the southern side of the house. Adjoining the house is a bachelor flat with its own kitchenette, bathroom consisting of a shower, basin and loo, and its own carport. In the garden away from the house are servants quarters consisting of a room and bathroom with shower, loo and basin, all with its own geyser. There is also another 4 garden flats, each consisting of an open plan kitchenette, lounge and dining area, bedroom, bathroom with a shower, basin and loo, and each with its own carport. The perimeter of the property is protected by an electrified fence while the house also has a burglar alarm. There is an intercom and remote controlled gate at 1 of the 2 entrances. Because of the property's position, it would suite a person wanting to run a B & B, or continue renting out the units as they are at present, with its easy access to the business hub of the Provincial Capital, hospitals and shopping malls, Or suite a large extended family wanting their own spaces.

Features

8
6
Interior
Bedrooms
8
Bathrooms
6
Kitchens
6
Reception Rooms
7
Exterior
Carports / Parkings
7
Security
Yes
Flatlet
5
Domestic Accommodation
1
Pool
Yes
Sizes
Land Size
4,340m²
Extras
pile of spare bricks included in sale

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R
R

Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Vat @ 14%
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Exclusive Use
Fica
Deeds Office Search
Electronic Document Preparation
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
Vat 14%
Deeds Office Levy
Postage and Petties
Insurance Certificate
Bank Electronic Connection Fee
NCA Fee
Electronic Document Preperation
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

33,866.70

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