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R2,000,000

15 CONSTITUTION STREET

Monthly Bond Repayment R21,328.59
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R1,060

Excellent Rental Income

An older home in a good suburb which is rented out to students. There are a total of fourteen bedrooms, two kitchens and two bathrooms. This excludes the living area occupied by the owner.

This house brings in an excellent rental income. Ideal spot for students to walk to the College down the road. The buyer would either want to renovate and live in it as a home or carry on renting to students. The home needs TLC.

Features

14
2
Interior
Bedrooms
14
Bathrooms
2
Kitchens
2
Reception Rooms
1
Sizes
Land Size
1,983m²

West Hill, Grahamstown

Founded in 1820 by English settlers, Grahamstown is a city steeped in history, culture and scholastic excellence. Consequently, property in Grahamstown is highly desirable.  Grahamstown’s origins are well documented, and the city boasts a number of commemorative monuments to acknowledge its roots. The Botanical Gardens hosts flora indigenous to the settlers of the time, while the 1820 Settlers Monument...
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Good prospects for investors in Grahamstown
Founded by the 1820 settlers, the Eastern Cape city of Grahamstown is a historical treasure, an educational hub and, of course, the home of the National Arts Festival held every July. In addition, says Steve Birt, managing...
 
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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

21,328.59

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