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R2,250,000

Monthly Bond Repayment R23,994.67
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Investment Opportunity: Multi-Unit Property in Sought After Suburb

This Unique Investment Property, located in a secure, sought after part of Allandale, offers exceptional income-generating potential. Ideally positioned within walking distance to schools and shops and places of worship, this property is designed for investors looking for steady rental income in a high-demand area.

The Main House comprises of 3 spacious bedrooms (including en suite with walk through, Jacuzzi, and walk in shower). There is a common bathroom for added convenience with a shower and bathtub as well as a separate common toilet.

Open-Plan Living Area: The lounge, dining, and kitchen with scullery flow seamlessly together, creating a welcoming and comfortable environment ideal for families.

The Double Story 2nd Section and 3rd Sections:
Each Unit consists of 2 Bedrooms plus 2 bathrooms (including en suite) as well as a living room and fitted kitchen.
Each Unit has it's own Electricity and Water prepaid meters and each unit has it's own geyser.

The servant's quarters is serviced by a separate toilet.

Parking is a breeze with ample parking for every unit on site.

Prime Location: Situated in a Sought-After part of the suburb, ensuring both safety and privacy, while being conveniently close to schools, places of worship, and public transport routes.

This property is priced competitively to generate a strong rental income, making it a smart investment for anyone looking to maximize returns. Whether you’re a seasoned investor or looking to expand your portfolio, this property offers versatility and solid rental demand.

Don’t miss out on this lucrative opportunity!!

Features

3
2.5
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
2.5
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
6
Security
Yes
Flatlet
2
Domestic Accommodation
1
Sizes
Land Size
673m²

Allandale, Pietermaritzburg

Pietermaritzburg, the capital of KwaZulu-Natal, South Africa, is a city steeped in history and natural beauty. Founded in 1838, it boasts a rich cultural heritage, from its Zulu and Voortrekker roots to its role in the Anglo-Zulu Wars. The city is nestled in the scenic Natal Midlands, surrounded by rolling hills, rivers, and the majestic Drakensberg Mountains. Pietermaritzburg is a hub for education, with...
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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

23,994.67

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