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R1,995,000

Monthly Bond Repayment R20,932.66
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R972.5

INVESTMENT OPPORTUNITY IN SPRINGFIELD

This expansive 12-bedroom property presents a unique and lucrative investment opportunity for savvy investors. Currently generating steady rental income, this property is a true gem, perfect for those looking to expand their portfolio. The layout is comprised of two separate, well-maintained units, allowing for dual rental streams and maximizing income potential. Each unit is spacious, featuring generously sized bedrooms, making it highly appealing for long-term tenants. The property also includes a full basement, offering ample storage space or the potential to be converted into additional living quarters or amenities.

Convenience is key, and this property delivers with a private garage, providing secure parking, and an abundance of outdoor parking spaces to accommodate multiple vehicles, perfect for tenants and their guests. Comfort is ensured year-round with four air conditioning units strategically placed throughout the property, keeping living spaces cool and comfortable. This property has been carefully managed and maintained, making it an excellent turnkey investment for those seeking a reliable income stream.

With a solid rental history and plenty of potential for future upgrades or development, this property is not just a purchase—it's an opportunity to own a high-yield asset in a sought-after location. Whether you’re an experienced investor or just starting to build your portfolio, this versatile property is a rare find that promises significant returns. Don’t miss your chance to secure this remarkable investment opportunity!

Features

12
7
1
Interior
Bedrooms
12
Bathrooms
7
Exterior
Garages
1
Flatlet
1
Sizes
Land Size
1,067m²

Springfield, 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

20,932.66

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