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R850,000

Monthly Bond Repayment R9,211.51
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Levy
R650
Monthly Rates
R450

Charming One-Bedroom Flat in Dormehlsdrift, George: An Investment Opportunity with Potential

Nestled in the highly desirable neighborhood of Dormehlsdrift, George, this one-bedroom, one-bathroom flat presents a unique opportunity for both investors and first-time homebuyers. Situated in a sought-after complex, this property offers convenience, charm, and a fantastic location in the heart of George’s medical hub, just a short walk from the town's central amenities.
Location is everything, and this flat couldn’t be better positioned. George is known for its balance between urban living and natural beauty, and Dormehlsdrift offers the best of both worlds. The flat is within walking distance to the bustling central George, where you’ll find shops, restaurants, and all necessary services. For medical professionals or those looking to be close to healthcare facilities, this flat is a dream, as it sits near the town’s medical center. This proximity makes it ideal not only for owner-occupiers but also as an appealing rental for tenants working in the area.
While the flat may require some TLC, it’s a blank canvas for those with a vision. With a little care and creativity, it can be transformed into a modern and cozy space, reflecting your personal style. The size and layout are perfect for a single professional, a couple, or even as a short-term rental in this highly sought-after area.
For savvy investors, this flat offers an excellent opportunity. The location in Dormehlsdrift is in high demand, and properties in this area continue to appreciate. Whether you’re looking to renovate and resell or offer it as a rental, the investment potential is undeniable. With a little attention and improvement, this property could yield impressive returns, both in rental income and future resale value.
This one-bedroom flat is the perfect project for those looking to enter the property market or expand their investment portfolio. Its location, potential, and investment value make it a rare find in George. With a little effort, you can turn this property into a comfortable home or a profitable asset.
Don’t miss out on this incredible opportunity in Dormehlsdrift! Contact us today to schedule a viewing and explore the possibilities that await.

Features

1
1
Interior
Bedrooms
1
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
1
Sizes
Floor Size
35m²
Land Size
3,705m²
Extras
Near Hospital • Near Fitness centre • Pets Not Allowed • Near Medical Center • Safe Location • Mountain • City Center • Brick • Near Shops • Unfurnished • Old Building • Covered Parking • Near Public Transportation • Washing Facilities (in apartment) • Eat-in Kitchen • Needs Renovation • Fire Escape • Near Bus
 
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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

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

9,211.51

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