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R1,795,000

Monthly Bond Repayment R18,834.15
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R1,963

Unique Investment Potential!

Unlock the hidden gem with this unique property in the sought after suburb of Glen Hills. Previously used as a guesthouse, this strategically located property has been transformed into three separate units, offering endless possibilities for rental income or personal use.

The first unit features two spacious bedrooms, a well-appointed bathroom, a fully equipped kitchen and a cozy lounge area. The second unit offers a comfortable bedroom, a modern bathroom, a functional kitchen and a relaxing lounge space. Finally, the bachelor flat provides a convenient bedroom with a kitchenette and an en-suite bathroom.

But that's not all - this property also boasts a double garage with ample storage space underneath or potential of another unit being created. It's perfect for accommodating multiple vehicles or creating additional storage solutions.
Situated below road level for privacy and tranquility, this property offers easy access to the garages via the drive-in entrance.

Additionally, you'll find a delightful built-in braai and entertainment area, ideal for hosting gatherings and creating unforgettable memories. Spanning across an impressive 1447 sqm of land, this versatile property presents an excellent opportunity for student accommodation or an Airbnb venture. And if your needs change down the line, it can effortlessly be converted back into a spacious four bedroom family home.

Don't miss out on this golden chance to secure your financial future. Embrace the versatility and investment potential that this unique property offers. Act now and arrange your exclusive viewing and make it yours before someone else seizes this incredible opportunity.

Features

4
3
2
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
3
Kitchens
1
Reception Rooms
3
Exterior
Garages
2
Domestic Accommodation
1
Sizes
Land Size
1,447m²

Glen Hills, Durban North

WELCOME TO DURBAN NORTH. Durban North is situated just north of Durban in the eThekwini Metropolitan Municipality, created in 2000, which includes the greater Durban area in KwaZulu-Natal, South Africa. It lies between the N2 freeway and the eastern seashore, with the Umgeni River forming its southern boundary. It is flanked by La Lucia in the north. Schools Local schools include Glenashley...
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MEET KEVIN MULLINS - WAKEFIELDS' NEW DURBAN NORTH BRANCH MANAGER
Wakefields' busy Durban North branch has a brand new face at the helm. Kevin Mullins brings a fresh skillset to the role which will benefit buyers and sellers as much as sales consultants New Wakefields branch manager Kevin...
 
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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

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

18,834.15

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