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R2,400,000

Monthly Bond Repayment R25,182.14
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Where Luxury Meets Investment: Modern Living and Exceptional Income Potential in Edenvale

This expansive 996m² property in Edenvale offers a fantastic investment opportunity, providing multiple rental income streams from its versatile living spaces. The main house features a spacious layout with 3 bedrooms, an office, and 2.5 bathrooms, all elegantly renovated to offer modern, high-end finishes. Enjoy entertaining guests in the large open-plan lounge and dining area, seamlessly connected to the newly renovated kitchen, complete with stylish marble countertops and custom cabinetry. The entertainment area is further enhanced by a built-in hardwood bar, sauna, and jacuzzi, providing the perfect environment for relaxation and social gatherings.
In addition to the main house, the property includes two separate rental units:Studio Flatlet:An open-plan living space with 1 bathroom, complete with a shower, offering privacy and comfort for tenants.Larger Flatlet:A 1-bedroom unit with an open-plan lounge and dining area, and a well-appointed bathroom with a shower, ideal for longer-term rentals.
Both flatlets are equipped with prepaid electricity meters, and water costs are shared, ensuring ease of management for both tenants and the property owner. With a total rental income potential of approximately R18,000 per month, this property is an excellent opportunity for anyone seeking to generate substantial rental income.
The property also offers a manageable municipal rate of R2,500 per month, ensuring low ongoing costs. Don’t miss the chance to own this exceptional property with significant investment potential.
Key Features:996m² stand3 Bedrooms, office, 2.5 bathrooms in the main houseOpen-plan lounge, dining, and newly renovated kitchenLarge entertainment area with built-in hardwood bar, sauna, and jacuzzi2 rental units: Studio flatlet and larger 1-bed flatletPrepaid electricity, shared water costsPotential rental income: R26,000 per month

Features

5
4.5
2
Interior
Bedrooms
5
Bathrooms
4.5
Kitchens
3
Reception Rooms
4
Studies
1
Exterior
Garages
2
Carports / Parkings
2
Flatlet
3
Extras
Sauna • Veranda • Garage • Jacuzzi • 2 Car Garage
 
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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

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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%

Monthly Payment

25,182.14

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