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R1,999,999

Monthly Bond Repayment R21,328.58
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R860

Fantastic Investment Opportunity: 3.5-Bedroom Property with Income-Generating Outbuildings

Fantastic Investment Opportunity: 3.5-Bedroom Property with Income-Generating Outbuildings, Ideal for Student Accommodation

This charming 3.5-bedroom property is perfectly situated just a 10-minute walk from UKZN Howard Campus, making it an excellent investment for those looking to tap into the lucrative student accommodation market. The property not only boasts a prime location but also comes with two income-generating outbuildings, currently rented out and providing a reliable revenue stream.

The main house features a comfortable and spacious 3.5-bedroom layout, ideal for shared student living. A cozy balcony area is perfect for relaxation or social gatherings, offering scenic views and a great spot to enjoy Durban’s warm climate. The property is complemented by a large yard, providing ample outdoor space for potential future developments, entertainment areas, or additional parking. This low-maintenance, high-yield property is an ideal choice for investors aiming to cater to the steady demand for student housing near the university.

Don’t miss out on this exceptional opportunity to own a well-located, income-generating property with a proven rental history. Secure your investment today in a sought-after area with strong and consistent rental demand!

Features

3.5
2
Interior
Bedrooms
3.5
Bathrooms
2
Kitchens
1
Reception Rooms
2
Exterior
Security
Yes
Flatlet
1

Reservoir Hills, Durban

Durban has an interesting history, Vasco da Gama’s passing in 1497, Lieutenant Farewell and Shaka. In 1823 Farewell took part in a British expedition to Natal and then decided to start a settlement there. He persuaded 25 other British colonists to join him, and in June 1824 he built the first houses. Only four of these original settlers remained with him. In July 1824 he visited Shaka from whom he received a...
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Disclaimer: While every effort will be made to ensure that the information contained within the Wakefields Estate Agents website is accurate and up to date, Wakefields Estate Agents 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

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

21,328.58

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