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R920,000

Monthly Bond Repayment R9,811.15
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Sectional Title Levy
R1,500

The Perfect Investment Property

Are you looking for a great investment opportunity in a highly sought after complex? Look no further than this 2 bedroom, 1 bathroom apartment that is just waiting for some tender loving care to reach its full potential.

Situated in a popular complex in close proximity to schools and malls, this apartment is perfect for investors who want to capitalize on the high demand for rental properties in the area. With a little bit of elbow grease and some updates, this unit can easily become a highly desirable rental property that will generate a steady stream of income.

Don't miss out on this fantastic opportunity to turn this diamond in the rough into a shining gem. Contact us today to schedule a showing and start your journey to financial success with this investment property.

Features

2
1
Interior
Bedrooms
2
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
2
Sizes
Floor Size
57m²
Land Size
22,420m²

Veld En Vlei, Richards Bay

Richards Bay is a harbour town in KwaZulu-Natal’s Zululand, situated just 1 hour and 45 minutes from Durban Central. It houses one of the country's largest harbours and is the largest coal export facility in the world. The town started off as a makeshift harbour in 1879 and today it is a fully functional deep water harbour.  It is Zululand’s biggest and wealthiest city and this can be...
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In the news

Richards Bay favours both buyers and sellers
The residential property market in Richards Bay has shown steady growth since 2013 despite a volatile national economy, defined by increasing inflation rates, high unemployment and lacklustre GDP growth, which according to latest...
 
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Disclaimer: While every representation will be made by Lew Geffen Sotheby's International Realty to ensure that the information contained within the website is accurate and up to date, 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

R
%

Monthly Payment

9,811.15

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