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Large 7 Bedroom, 5 Bathroom, 4 Kitchens, 4 Lounges Prop for Sale - Income Potential to Repay Bond!!!
R 1,175,000
Can I afford this?12 Photo(s)
2 months ago147 views
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General Details
Location:
For Sale By:Owner
Available From:12/05/2024
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):1190
Parking:Covered
Description
The 2 properties on this large stand situated in upper Rensburg have a combined total of 22 rooms!!!
It is within an approximate 400m walking distance to the Kwikspar,
and HAS BOREHOLE POTENTIAL, with a 5000 LITRE WATER TANK AND PUMP already installed on the premises.
THIS PROPERTY WITH 2 LARGE HOMES HAS HUGE POTENTIAL AND MANY BENEFITS TO OFFER PROSPECTIVE BUYERS WHO:
• WISH TO TAKE ADVANTAGE OF EARNING RENTAL INCOME TO FULLY, OR PARTLY, COVER THE BOND REPAYMENTS, DEPENDING ON THE PORTION/S AVAILABLE TO RENT AFTER SELECTING THEIR PERSONAL LIVING SECTION/S
• HAVE A LARGE FAMILY AND ENJOY PRIVACY AND SPACE
• WISH TO OWN LARGER HOMES, BUT ONLY QUALIFY FOR BONDS IN THE +/- R600k BRACKET, AND ARE ABLE TO BUY JOINTLY WITH FAMILY/FRIENDS AND SUBDIVIDE THE PROPERTY, OR OPT FOR THE LAND APPORTIONING REGISTRATION OPTION, AND HAVE THEIR INDIVIDUAL BONDS REGISTERED ACCORDINGLY
The 22 rooms comprise of:
7 bedrooms, with potential for 8 (a large enclosed patio could be converted)
5 bathrooms
4 kitchens (each of the 2 large homes has a gas stove)
4 lounges
1 dining room
1 enclosed patio
In addition, there are also 2 outside storage rooms with plumbing and a separate outside toilet, which could be renovated into an extra living area.
There are also 4 other patios and 5 under cover rain and sun proof parking spaces.
Each property has its own motorized gate, and the stand is pallisaded and walled.
All entrances have security gates, with barring and Spanish bars on windows.
The property also has lots of fruit trees.
FOR FULL DETAILS AND PHOTOS OF THE PROPERTY I HAVE FOR SALE IN UPPER
RENSBURG, HEIDELBERG, GAUTENG, PLEASE CONTACT.
Id Subtitle 1268602687
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Estimated monthly repaymentR 12,734
Total property loan amountR 1,175,000
Total interestR 1,881,054
Total repaymentR 3,056,054
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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