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R3,075,000

Monthly Bond Repayment R32,792.71
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R1,600

Income generating property - 2 double story Houses on one stand St Mikes Uvongo with sea views.

UPDATED 7 NOV 2024
Welcome to this income-generating property nestled in the picturesque coastal town of St. Mikes Uvongo, offering breathtaking sea views and endless investment potential. Situated on a spacious stand, this property comprises two double-story houses designed to optimize monthly income through rental opportunities.

House 1 features two flats, each thoughtfully designed for comfort and convenience. The upstairs flat (Flat #1) boasts a well-appointed kitchen equipped with a stove and ample cupboard storage, complemented by a spacious open-plan lounge and dining area that extends to a covered patio, providing a perfect vantage point for enjoying the stunning sea vistas. Two bedrooms with built-in closets offer serene retreats, while a full bathroom ensures utmost comfort. Downstairs, Flat #2 offers similar amenities, including a gated backdoor area and provisions for a washing machine, providing a seamless living experience.

House 2 continues the theme of practicality and charm with two additional flats. Upstairs, Flat #3 exudes elegance with its granite-topped kitchen and sliding wood doors leading to a covered patio overlooking the ocean. Two bedrooms with built-in cupboards offer tranquil spaces, while a well-appointed bathroom caters to daily needs. Downstairs, Flat #4 presents a cozy retreat with an open-plan kitchenette, a separate bedroom, and a convenient en-suite bathroom, fenced off for the comfort of furry companions.

Beyond the comfortable living spaces, the property boasts an automated gate entrance, a double garage, and ample parking for at least ten vehicles, ensuring convenience and security for residents and guests alike. Additionally, pre-paid electricity meters and fiber-optic connectivity offer modern amenities tailored to contemporary lifestyles.

Whether you're seeking a fixer-upper holiday home or a savvy investment opportunity, this property promises endless possibilities. Don't miss your chance to own a slice of coastal paradise with this versatile and income-generating gem. Schedule your viewing today and seize the opportunity to make this property your own.

Features

7
4
2
Pets Allowed
Yes
Interior
Bedrooms
7
Bathrooms
4
Kitchens
4
Reception Rooms
8
Exterior
Garages
2
Carports / Parkings
7
Security
Yes
Sizes
Land Size
1,007m²
Extras
Above Road • Accommodation • Balcony • Bath, Toilet and Basin • Built in Wardrobes • Coastal Beach • Covered Patio • Curtain Rails • Double Parking • Double Storey • Driveway • Dual Living • Electric Gate • Fibre • Freestanding • Granite Tops

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🌊 Join Us for a Beach Cleanup Day! 🌊
Call Gert 0844109242 for more info 🗓 Date: Saturday, 21st September 2024 📍 Where: 1 Bank Street, Margate ⏰ Time: 8:30 for 9 AM (2 hours) Let's come together to keep our beautiful coastline pristine! Grab your...
 
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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
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Monthly Payment

32,792.71

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