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R2,650,000

Monthly Bond Repayment R28,260.39
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R1,400

Prime Development Opportunity!

Don't delay in contacting me today if you are looking for a perfectly located property to invest in, set on a large, level piece of land. The property, which is over 1 200m2, is situated on the Durban North / Park Hill border and has easy access to Kenneth Kaunda Road, Umhlanga Rocks Drive and North Coast road.

The home, which offers 3 bedrooms and 2 bathrooms, has, as an added bonus, a lovely garden cottage that can bring in some extra money each month.

Should you wish to develop the property, it can be rezoned for multiple units, which will definitely nett a great return on investment. If you wish to discuss the property in more detail or be interested in viewing, please don't hesitate to contact me as this property has enormous potential and will not last long!

The domestic accommodation could be converted into an income generating flatlet, which could have its own entrance along the side of the home. In front of the house, there is enough parking for at least 4 to 6 cars and a nice, small, easily maintained garden.

This home would make a perfect addition to your property portfolio as it does hold a lot of potential for growth.

Features

3
2
1
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
2
Kitchens
1
Reception Rooms
2
Exterior
Garages
1
Flatlet
1
Domestic Accommodation
1
Sizes
Floor Size
170m²
Land Size
1,207m²
Extras
Extra parking for 4-6 cars

Park Hill, 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

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

28,260.39

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