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Home and With Income Opportunity
R 2,900,000
Can I afford this?25 Photo(s)
4 months ago225 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):4
Bathrooms (#):3
Size (sqm):530
Parking:Garage
Description
Located high up on the hill taking in the views below and embracing the cool breeze from under the magnificent plane trees, we bring you this exclusive Hilton Home. Set in a very sought after area in the popular Berry Hill suburb of Hilton, an expansive family home awaits. I often say “why move to the KZN Midlands and not get a view?” The answer lies in seeing for yourself. The property also gives great value as an investment property with the option of 4 rental spaces that would provide excellent ROI verified by our investment return calculator.
As an investment, this home provides the opportunity to the savvy buyer to put in 3 tenants and have the bond paid off by them. The dance studio is fully fitted with a kitchen and bathroom and requires very little as a rental opportunity. The main house with 2 kitchens and separate living areas and entrances works as 2 homes as well, and the converted domestic accommodation would even be a fourth opportunity to derive income from.
Taking photos in 34 degree heat, it was a most welcome respite to retreat to any of the outdoor entertainment areas adjoining the sparkling pool, where the cool breeze was most welcome and the temperature became bearable. This was identified by the sellers as one of the decisive benefits of this location, along with a beautiful established garden complete with a pond and great water features.
Ticking every box as far as additional spaces goes, plenty of garage, storage, external laundry and workshop space make this a must see for those wanting to retreat to the country and have absolutely everything you could require.
The home itself is cleverly divided into two distinct spaces each with lounges, kitchens and bathrooms of their own. Easy enough to reconfigure into one home or to house teenagers, adolescents or extended family members. The flooring has been upgraded with lovely laminated panels which are a pleasure underfoot in all weather conditions.
As if all the above were not enough to entice the prospective buyer, a second unit (on plan) with its own entrance, provides a handy rental income or formal office space should that be needed.
Available to view to approved buyers EXCLUSIVELY through JAWITZ Midlands.
Has Pool
Property Reference #: JRL14091
Agent Details:
Craig Millar
Jawitz Properties
Gresham House
11 Wembley Terrace,
Town Hill,
Pietermaritzburg
As an investment, this home provides the opportunity to the savvy buyer to put in 3 tenants and have the bond paid off by them. The dance studio is fully fitted with a kitchen and bathroom and requires very little as a rental opportunity. The main house with 2 kitchens and separate living areas and entrances works as 2 homes as well, and the converted domestic accommodation would even be a fourth opportunity to derive income from.
Taking photos in 34 degree heat, it was a most welcome respite to retreat to any of the outdoor entertainment areas adjoining the sparkling pool, where the cool breeze was most welcome and the temperature became bearable. This was identified by the sellers as one of the decisive benefits of this location, along with a beautiful established garden complete with a pond and great water features.
Ticking every box as far as additional spaces goes, plenty of garage, storage, external laundry and workshop space make this a must see for those wanting to retreat to the country and have absolutely everything you could require.
The home itself is cleverly divided into two distinct spaces each with lounges, kitchens and bathrooms of their own. Easy enough to reconfigure into one home or to house teenagers, adolescents or extended family members. The flooring has been upgraded with lovely laminated panels which are a pleasure underfoot in all weather conditions.
As if all the above were not enough to entice the prospective buyer, a second unit (on plan) with its own entrance, provides a handy rental income or formal office space should that be needed.
Available to view to approved buyers EXCLUSIVELY through JAWITZ Midlands.
Has Pool
Property Reference #: JRL14091
Agent Details:
Craig Millar
Jawitz Properties
Gresham House
11 Wembley Terrace,
Town Hill,
Pietermaritzburg
Id Subtitle 1255795518
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Estimated monthly repaymentR 31,428
Total property loan amountR 2,900,000
Total interestR 4,642,602
Total repaymentR 7,542,602
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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Jawitz Properties
Selling for 3+ years
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