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R4,395,000

Monthly Bond Repayment R47,628.93
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Great Investment Home

Sole Mandate - Situated in the sought after suburb of Virginia, Durban North, this prime property offers amazing sea views and loads of accommodation.

Consisting of a 5 bed, 3 bath main house with a large lounge, dining room and entertainment area the property also includes 5 lettable garden cottage units. This is ideal for an investor or as a home for an extended family. Or live in the main house and let the garden cottages help pay your bond.

Parking is abundant and the swimming pool has an undercover entertainment area next to it.

If you are simply looking for an investment 12 % gross return is achievable on this property, with the opportunity of substantially increasing this.

Features

5
3
2
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
3
Kitchens
1
Reception Rooms
1
Exterior
Garages
2
Carports / Parkings
2
Pool
Yes
Sizes
Floor Size
1m²
Land Size
1,349m²

Virginia, Durban North

Nestled along the picturesque northern coastline of Durban, South Africa, Durban North is a suburban oasis that captures the essence of coastal living. Offering a harmonious blend of tranquil residential neighbourhoods, scenic beauty, and convenient amenities, Durban North has become a sought-after destination for families, professionals, and retirees alike. With its stunning beaches, lush greenery, and vibrant...
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In the news

The North Coast Property Boom: Why Investing Between Durban North and Umhlanga is a Smart Move Now
The real estate landscape along the North Coast between Durban North and Umdloti is experiencing a surge in popularity, making it a prime time for investors to consider this coastal stretch for property investment. With its...
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Maxprop Property Group website is accurate and up to date, Maxprop Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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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

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

47,628.93

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