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R698,000

Monthly Bond Repayment R7,323.81
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Investment Opportunity: Prime Location Apartment in Southernwood, East London

Investment Opportunity: Prime Location Apartment in Southernwood, East London
Unlock the potential of this investment opportunity nestled in the heart of university resident units. Located in Skyview flats, Southernwood, East London, Eastern Cape, this property offers an ideal chance to capitalize on the student accommodation market.
Key Features:Access controlled and secure parking for peace of mind.Spacious apartment with 3 bedrooms and 1 bathroom, complemented by a fitted kitchen.Currently housing 3 students, ensuring immediate rental income upon acquisition.Conveniently situated near St Dominics Hospital, the Eye Clinic, and St Marks Hospital.Proximity to Malcomess shopping centre, facilitating easy access to amenities.
While the apartment may require some tender loving care (TLC), its strategic location and existing rental income potential make it an attractive investment prospect. Don't miss out on this opportunity to invest in a promising property within a vibrant and bustling community.
Contact us today to schedule a viewing and explore this lucrative investment further.

Features

4
1
Interior
Bedrooms
4
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
1
Sizes
Floor Size
94m²
Land Size
6,075m²
Extras
Downtown • Open • Near Hospital • Near Medical Center • Contemporary • Brick • Concrete • Near Shopping Mall • East • Near Schools • Near Shops • Eat-in Kitchen • Steel Front Door • Fire Escape • Common Areas • Pets Not Allowed • Near Bus • Old Building • Needs Renovation • Safe Location
 
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Disclaimer: While every effort will be made to ensure that the information contained within the EXP Realty website is accurate and up to date, EXP Realty 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

7,323.81

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