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R1,650,000

Monthly Bond Repayment R17,031.11
Calculated over 20 years at 11% with no deposit. Change Assumptions

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Monthly Rates
R1,400

Spacious Family Home with Bonus Rental Income Opportunity!

This well-maintained family home offers comfort, convenience, and a fantastic rental opportunity. Ideal for homeowners seeking extra space and a passive income stream, this property offers everything you need for both living and earning.

The house is fully tiled throughout for a sleek, low-maintenance finish. All bedrooms are fitted with built-in cupboards, providing ample storage space. The main bedroom upstairs has its own private ensuite bathroom. The fitted kitchen includes built-in cupboards and a separate scullery for added convenience. The spacious open-plan lounge and dining area offer a warm, inviting ambiance, perfect for family living. This cozy yet airy space seamlessly extends onto a balcony, where you can enjoy breathtaking, panoramic views. The yard is well-kept and has automated gate access for added peace of mind.

Conveniently located with easy freeway access, just minutes from Umdhloti/Umhlanga and La Mercy beaches, Marine Walk Shopping Centre, Sibaya Casino and Entertainment Kingdom as well as King Shaka International Airport.
This home offers a fantastic opportunity for families looking to offset their mortgage or investors seeking a property with strong rental potential.

Features

4
3
2
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
3
Kitchens
1
Reception Rooms
2
Exterior
Garages
2
Carports / Parkings
4
Flatlet
2
Sizes
Land Size
747m²

South Ridge, Verulam

Verulam is a town 28 kilometres north of Durban in KwaZulu-Natal, South Africa and is now part of the eThekwini Metropolitan Area. In 1850 a party of 400 methodists settled here and formed the town. The town was then named after the Earl of Verulam, patron of the Brits who settled here. It is now a town inhabited mainly by Indians.  The town is large with a population over 60,000. There are many high-schools and...
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R
R

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

17,031.11

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