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R2,690,000

Monthly Bond Repayment R29,151.72
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,750

A TEN BEDROOM HOUSE, CUSTOMIZED FOR STUDENT ACCOMMODATION, FOR SALE IN RESERVOIR HILLS

A TEN BEDROOM HOUSE, CUSTOMIZED FOR STUDENT ACCOMMODATION, FOR SALE IN RESERVOIR HILLS

This huge property is situated in a beautiful area in Reservoir Hills not so far from UKZN and is customized to be a student accommodation.

It has 10 bedrooms all fitted with desks and single beds for students. It can accommodate about 32 students and can generate an income of about R75,000 per month.

It has six bathrooms, five of which are en-suites. It has two kitchens and one lounge or TV room.

There is a also a laundry room for the students to do their washing.

It has a beautiful garden at the front and yard is big enough for further developments.

This is a good investment opportunity so investors, don't let this pass you by as this comes with all the extras in it.

Features

11
6
Interior
Bedrooms
11
Bathrooms
6
Reception Rooms
1
Furnished
Exterior
Carports / Parkings
8
Security
Yes
Views
Yes
Sizes
Land Size
1,224m²

In the news

Chas Everitt Pinetown team giving back to the local Community
It's our Chas PMC Team giving back to our local Community. Thank you to every Sponsor, our Principal Tracy Maharaj, and our Staff for opening their Hearts and wallets to the Ethelbert Child and Youth Care Centre. Great Team...
Published 7 Aug 2023
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group 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
 

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Monthly Payment

R 

29,151.72

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