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R3,995,000

Monthly Bond Repayment R41,917.78
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R1,200

Double Storey Thatch House in West Beach with Five Bedrooms including both Flatlets

Seller considering offers from R3 995 000


Ideal investment property, currently generating a gross rental income of +- R36k per month for the main house and two fully furnished, short term rental friendly bachelor flats with their own separate entrance. Well located in West Beach, less than 1km from the beach.


The property comprises a total of five bedrooms if one includes the two bachelor flats, with the main house being split over two levels, with the living area; lounge, kitchen and enclosed sun-room downstairs and three bedrooms and two bathrooms upstairs. Outside is a low maintenance courtyard that is used exclusivity by the main house tenant. The two bachelor flats are located on the side of the property, that share a separate entrance from the main house, each with their own bathroom and kitchen. The property has recently gone off-grid, with solar panels having been installed and a backup inverter at a cost of +- R180 000. There is a driveway space to park two vehicles and grass area for parking additional vehicles.


Under Roof Floor Area: +- 160 sqm
Erf Size: +- 324 sqm


* Please note the interior photos of the main house are for reference purposes only and were taken when the property was staged a few years ago, they are not an indication of the current condition of the property.

Features

5
4
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
4
Kitchens
3
Reception Rooms
1
Exterior
Carports / Parkings
2
Flatlet
2
Sizes
Floor Size
160m²
Land Size
324m²
Extras
Near Children's Park • Near Beach • On Quiet Road • Washing Facilities(in building) • Solar Panels • Near Fitness centre • Fibre • Near Schools • Near Public Transportation • By the sea • High Speed Internet • Near Park • Near Shops • Near Bus • Battery/Backup Inverter • Country Side
 
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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

R
%

Monthly Payment

41,917.78

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