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R1,250,000

Monthly Bond Repayment R12,062.77
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

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Monthly Rates
R1,450

7 Bedroom House in Reservoir Hills

HOMEBID BUYERS DO NOT PAY TRANSFER FEES

This double-storey property has unlimited potential and can be used for expansive conversion, a development opportunity for a duplex, apartments or student accommodation.

The upper level of this home currently has three bedrooms with parquet flooring, a bathroom with a separate toilet and basin, as well as a large lounge and dining-room, both with parquet flooring, and a well fitted kitchen. A balcony extends across the front of the home and down the one side. A second balcony runs across the rear of the home and down the other side.

The lower level of this home has three bedrooms with parquet flooring, one bathroom, and separate toilet, a guest toilet and basin and an expansive lounge and dining-room with parquet flooring and a fitted kitchen.

A separate flatlet with floor-tiles throughout is alongside the two garages and two carports and has a bedroom, an open-plan lounge with kitchenette and a bathroom.

The residence has a fully automated entrance gate and an alarm system and also linked to the Neighborhood Watch.

The income potential if the property is partitioned into units is incredible and can range from Partition 1, R10 500 - R12 000, Partition 2, R5 500 - R7 000, Partition 3, R4 500 - R5 500.


Proximity to Westville Campus approx. 5min - Technicon approx. 15min - Natal Campus approx. 20min. Caltex Filling Station 2.51 km, bp Filling Station 2.62 km, Reservoir Hills Police Station 1.15 km, Etshelihle Public Primary School 1.11 km, Vezamafa Primary School 1.22 km, Pemary Ridge Primary School 1.27 km, Engen House Shopping Centre 2.53 km, Westville North Centre Shopping Centre 2.64 km, Kwadabeka Shopping Centre 3.21 km, University of Kwazulu-Natal - Westville Campus - Pitlochry Road Gate 3.12 km. Reservoir Hills Mall: 1km, Reservoir Hills Secondary school: 750m, Clarestate Secondary School: 1km
3 primary schools (Durban Heights; Durwest; Resmont): 900m to 1km
Doorstep of Pinetown and Westville (Various private schools):- 2km.

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Features

7
2
2
Pets Allowed
Yes
Interior
Bedrooms
7
Bathrooms
2
Kitchens
2
Reception Rooms
4
Exterior
Garages
2
Carports / Parkings
2
Security
Yes
Flatlet
1
Sizes
Land Size
1,070m²
 
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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

12,062.77

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