Your Perfect Income-Generating or Starter Investment

R 1,300,000

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10 days ago33 views
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General Details
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):5
Bathrooms (#):3
Size (sqm):1835
Parking:Garage
Description
Magnificent property presents 3 homes on one property. This very well-situated property with a large yard has a very large two-to-three-bedroom house that can also become a four-bedroom house due of the very spacious living areas. The two bedrooms has large build in cupboards and is situated across the bathroom. It has an entrance hall that leads into the spacious lounge and living area as well as the veranda that could also be a great playroom for kids or entertainment area leading out to the undercover large braai area. The main house has stairs leading up to the loft that can be a teenage bedroom/ study or office.The second living area leads to the kitchen. The spacious kitchen boasts with ample build in cupboards with more than enough space for a gas stove and electrical appliances. Next to the kitchen it has a separate scullery area with more build in cupboards and a laundry with enough space for a large washing machine, tumble dryer and a dishwasher. On exiting the laundry, a door leads to the back outside square that has a storage room, or it could be turned into a staff room or activity room. Another door leads to the double garage with enough space to work in.
The yard has two levels of which the second one is a perfect play area for children or dog area.
Build unto the house, with a short passage, is a spacious flatlet with a large bedroom and ensuite bathroom fitted with ample build in cupboards. It has its own open plan lounge and kitchen with build in cupboards. As a bonus it has a cozy sunroom and additional bathroom with a toilet, basin and shower and a storage area. It also has its own entrance and small easy maintainable yard with its own fencing.
In addition to all of the above the property also offers a two-bedroom house situated separately with its own double garage and entrance. This beautiful house comes complete with two bedrooms, build in cupboards, a living/dining area and a lounge and a kitchen fitted with build in cupboards. This house is also fenced for security reasons and also for dogs.
This property is perfect for a big family that offers all their own privacy to live life and enjoy their own gardens.
Alternatively, the property can be bought for investment reason as it already has tenants, contributing to the bond payment.
The proud new owners can live in any of the houses and let the others out permanently or for holiday accommodation which will generate revenue and contribute to bond payment. No limits to what can be done on this property and how one can utilize it to its greatest potential. The bottom end of the property has enough space to expand.

Property Reference #: KZR911

Agent Details:
Cynthia Ngezana
KZN Property Group
SHOP 8 Margate Court,
88 Marine Drive
Margate
Kwazulu Natal

Id Subtitle 1277793733
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Estimated monthly repaymentR 14,089
Total property loan amountR 1,300,000
Total interestR 2,081,167
Total repaymentR 3,381,167
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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KZN Property Group
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