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R2,480,000

Monthly Bond Repayment R23,932.54
Calculated over 20 years at 10% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R2,000

Fantastic family home

DRASTICALLY REDUCED TO R2,480 FROM R3,250 MILLION FOR A QUICK SALE AT WELL BELOW MARKET VALUE nestled in the highly sought after secure Hillcrest a mere 20 minute drive from Durban CBD, a 2 minute drive to Shongweni Polo Club and easy access to N3 and M13 highways. Reduced as owners are moving and need to urgently sell - but being in the real estate business are able to offer the home free of commission. This is a once in a lifetime chance to buy one of the original Hillcrest homes, lovingly renovated and contemporised with the input of two of South Africa’s top interior designers. The prestigious family home of one of the original Upper Highway families situated in prestigious Gillitt rd with security camera guarded access to the area - walking distance to Highbury and Kersney schools. High end remote App security systems, light detector systems, LED lighting, newly upgraded interior finishes, recently repainted with feature wall finishes, meticulously landscaped garden, large swimming pool with new filtration system are just some of the features.

Buy to live as a full family home or live and utilise to generate high investment returns. Main Home (excluding owners suite which has been excluded in Air BnB) the East wing of the home, has generated Air BnB with returns in excess of R200,000 in the last year and in addition there is a Garden Apartment with income potential of R6,000 to R7,000 per month all while you live in your own section of the home or simply live in this abundant family home.

Enter the property up a winding driveway carved meticulously through the landscaped garden. Upon reaching the home, enter onto the large private patio reminiscent of the look and feel of the famed Oyster Box hotel. All living rooms flow seamlessly onto the patio which commands beautiful views of the terraced garden, the beautiful trees and the valley below. In the double storey section of the home there is a formal sitting room / dining room and a very large master suite with brand new en-suite. The bedroom has sumptuous views of the treed garden and valley below. Through the entrance hall is a second kitchen (originally a study). Double doors open into the informal dining room, television lounge which opens via concertina doors onto the flowing patio. The refurbished eat-in farmhouse kitchen is a brilliant gathering place for those family breakfasts. From the passage way there are a further three large bedrooms, two bathrooms. Outside there is a maids quarters with a brand new bathroom. Security has been upgraded

The granny flat / second home is situated with own private section of the garden boasting screeded floors abundant space in excess of 80 square meters with a single bedroom, large living area, electronic lock up garage and flowing views.

At the top of the driveway is abundant off-street parking with five garages or two garages with large Domestic Quarters - your choice. This home has a serious amount on offer and is priced to sell FAST!

Features

5
5
4
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
5
Reception Rooms
7
Exterior
Garages
4
Carports / Parkings
3
Security
Yes
Flatlet
1
Domestic Accommodation
1
Pool
Yes
Views
Yes
Sizes
Floor Size
500m²
Land Size
3,412m²
 
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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
Vat @ 15%
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Exclusive Use
Fica
Deeds Office Search
Electronic Document Preparation
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
Vat 15%
Deeds Office Levy
Postage and Petties
Insurance Certificate
Bank Electronic Connection Fee
NCA Fee
Electronic Document Preperation
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

23,932.54

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