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R2,998,000

Monthly Bond Repayment R32,489.54
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Great investment opportunity

This property is perfect for investors looking for rental properties in the Bela Bela region. It is situated in and safe and quite area and also close to all the major schools and churches in Bela Bela making it ideal for long term tenants. The other reason this is such a incredible investment opportunity is because the erf consists of a main house with it's own private flat / private area, and five other loose standing flatlets that can all be rented out separately. Each of these flatlets with their own prepaid meter and elevated backup water tank that can provide water through gravity even is there is no power. It also has n strong borehole that supplies the tank and these households which means that water is included in the tenants rent and all they have to pay on top of the rent is pre paid electricity. This is any tenants dream and makes these rental flats even more attractive. Each with their own fenced yard and garden area. All Flatlets also have their own covered parking.

Apart from the five Flatlets, the main house also has a separate flat and private area which is also rentable. On top of that, the main house also has a backup power system with an 5KWA inverter and six solar panels that will ensure that you're never left in the dark.

Rental prospective:
Total R29 700pm

Main house:
Rental potential R5800pm
2 Bedroom
2 Bathroom
Office space
Large covered workshop area
5KWA Inverter
6 Solar panels

Main house flat & Private area:
Rental prospective: R4800pm
2 Bedroom
1 Bathroom
Huge private area and garden

Flat 1:
Currently rented for R3900pm
1.5 Bedroom
1 Bathroom
Private entrance
Garden Area

Flat 2:
Currently rented for R3900pm
2 Bedroom
1 Baby room
1 Bathroom
Private entrance
Garden Area

Flat 3:
Currently rented for R3900pm
1 Bedroom
1 Office
1 Bathroom
Small Garden

Flat 4:
Currently rented for R3500pm
1 Bedroom
1 Bathroom
Small Garden

Flat 5:
Currently rented for R3900pm
2 Bedroom
1 Bathroom

Features

11
8
2
Interior
Bedrooms
11
Bathrooms
8
Kitchens
7
Reception Rooms
7
Studies
2
Exterior
Garages
2
Carports / Parkings
6
Flatlet
5
Sizes
Land Size
1,779m²
 
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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

32,489.54

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