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R1,400,000

Monthly Bond Repayment R15,171.90
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R1,450

Spacious Investment Opportunity in Bela Bela: Your Gateway to Rental Income

Nestled in the heart of the picturesque town of Bela Bela in Limpopo, this expansive property presents an exceptional investment opportunity. Boasting a total of six bedrooms and six bathrooms, including a 2-bedroom main house and 4 x bachelor / one bedroom flatlets, this property is primed for generating passive income while offering comfortable living spaces.

Step inside the main house, where you'll find a welcoming ambiance exuding warmth and comfort. The main residence comprises two generously-sized bedrooms, with the master bedroom featuring an en-suite full bathroom and a walk-in closet, providing a haven of privacy and relaxation. The spacious living and dining areas offer ample room for entertaining guests or unwinding with loved ones, while the well-appointed kitchen with a scullery area ensures convenience and functionality for everyday living.

In addition to the main house, four flatlets have been thoughtfully designed to maximize space and comfort, providing versatile living options for tenants or extended family members. Each flatlet offers its own bedroom, bathroom, and kitchen space ensuring privacy and independence. Three of the four flatlets are occupied by tenants and rental contract are in order. The property has a rental income of +- R 12 000 per month, with the owner occupying the main house.

Situated on a generous erf spanning 1784 square meters, the property boasts abundant outdoor space, including a spacious garden adorned with various fruit trees, creating a serene and tranquil setting for outdoor relaxation and recreation. Underroof parking for up to six vehicles ensures convenience and security, while an outdoor storeroom presents the opportunity for further development or conversion into another bachelor flatlet, enhancing the property's potential for rental income generation.

With municipal electricity and water services in place, supplemented by a 5000-liter backup water tank equipped with a pressure pump, residents can enjoy peace of mind knowing that essential utilities are readily available. Solar lights outside add eco-friendly efficiency and contribute to the property's overall sustainability.

Beyond the confines of the property, residents will find themselves immersed in the vibrant community of Bela Bela, with a host of amenities and attractions nearby, including shops, restaurants, schools, and recreational facilities, ensuring a convenient and fulfilling lifestyle for residents of all ages.

With its spacious layout, income-generating potential, and prime location, this property represents a rare opportunity to invest in both comfort and financial security. Priced at R 1,400,000, don't miss your chance to make this versatile property your own and unlock its full potential as a lucrative investment in the heart of Bela Bela. Schedule a viewing today and take the first step towards realizing your real estate dreams.

Features

6
6
Pets Allowed
Yes
Interior
Bedrooms
6
Bathrooms
6
Kitchens
6
Reception Rooms
2
Studies
1
Exterior
Carports / Parkings
6
Flatlet
4
Sizes
Land Size
1,784m²
 
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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

15,171.90

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