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R1,550,000

Monthly Bond Repayment R16,529.66
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Something that can pay itself off

Property in Turffontein:Located in the vibrant neighborhood of Turffontein, this property is a versatile and income-generating investment.The main house features multiple rental opportunities, with three separate two-bedroom cottages on the premises.Each cottage is designed for comfortable living, offering two bedrooms, a living area, a kitchen, and a bathroom. These standalone units provide privacy and independence for the residents.Additionally, the property includes a creche on-site, catering to the needs of the community and enhancing the property's overall value.The creche facilities are well-equipped to provide a safe and nurturing environment for children, making it a valuable asset for families in the neighborhood.The property generates a steady income, with a monthly rental income of 16,500 South African Rand from the three two-bedroom cottages. This makes it a lucrative investment for those looking for both residential and business opportunities.
Exterior:The property is well-maintained, featuring a combination of green spaces and paved areas.Each cottage has its own entrance, ensuring privacy and convenience for the residents.The creche has a designated play area and is designed to meet the regulatory standards for childcare facilities.The entire property is secured, providing a safe and welcoming environment for both residents and those utilizing the creche services.
Location:Turffontein is known for its diverse community and convenient amenities, making it an attractive location for residents.The property's proximity to local schools, parks, and public transportation adds to its appeal.
In summary, this Turffontein property is a well-rounded investment with multiple income streams, offering comfortable living spaces through three two-bedroom cottages and providing a valuable community service with the on-site creche. The monthly rental income further enhances the property's financial attractiveness.

Features

3
1
1
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Garages
1
Flatlet
3
Extras
Garage • Veranda
 
  • 1
 

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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

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%

Monthly Payment

16,529.66

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