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INVESTMENT PROPERTY FOR SALE IN MALABAR R650 000
R 650,000
Can I afford this?
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):2
Bathrooms (#):1
Parking:Street
Description
- Property is on a large Erf of 1389m2, lots of potential to expand.
- This property is situated on the bus and taxi routes.
- The erf is huge and can be utilised to build accommodation to be rented out
- Wall erected around the house for privacy.
The house Consists of:
2 Bedrooms
1 bathroom- toilet, basin, and shower
kitchen- bic, tiled
lounge/dining room
and small office/storage room that can be converted into another small bedroom.
House needs TLC
Please contact Rushda on 083 265 4345 for more info or to make an appointment to view this property.
Id Subtitle 1275430819
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Estimated monthly repaymentR 7,045
Total property loan amountR 650,000
Total interestR 1,040,584
Total repaymentR 1,690,584
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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Rushda Davids
Selling for 10+ years
Total Ads119
Active Ads4
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The property is situated in Borchards Street, the area is also
believed to be known as Beverly Hills.
Estate Late Property will be sold as is.
PLEASE
NOTE: Comments from the architect below , you can rectify and or make changes
with the architects advice. Property will be sold as is.
Duplex Property:
·
A covered patio built over sewer line – to be demolished, this will mean that
you won’t be able to walk out to the deck from the main bedroom – to be
rectified.
·
Kitchen sink position moved – to be rectified.
·
The bathroom on the first floor is not as per approved plans, the size
increased and position of sanitary fixtures moved – to be rectified.
·
The balcony is incomplete and does not comply with regulations.
Outbuilding / Middle building:
·
340x340mm additional column on the side of the outbuilding (First floor) – to
be rectified.
·
Additional windows not located on approved plans 1200 x 1200 window on the
boundary facing rear of the property (south) 1200 x 1200 window on the boundary
facing Erf 3919 – to be rectified
Additions:
·
Gulley position moved – to be rectified.
·
X2 1700 x 1200 sliding windows on the east of the property.
·
The wash hand basin waste pipe runs on the boundary of the neighboring property
(Erf 3919)
Original House:
·
Roof is leaking in very bad.
·
Wooden floors to be replaced.
·
As I understand there is no hot water.
·
Needs to be rectified as per plan.
·
No kitchen
What the property offers
From the front of the property, you will get:
• Two Single garages
• Outside room
• Small storeroom underneath one of the garages
Previously the 3 roomed property is being used as:
• 2 Bedrooms
• Bathroom
You will then find an incomplete double storey structure.
At the back of the erf / property you will find:
A duplex consisting of:
• 1Bedroom with m.e.s
• Open Plan Lounge
• Open Plan Kitchen
The yard is fully enclosed and currently tenanted at R5500pm.
The property needs a lot of work and or renovations but will be ideal for an
investor to complex the structure and let out for an income and then the
current property which is tenanted, or the house will serve for the bigger
family in need of space and or accommodation.
Im on whatsapp if you cant get hold of me
Michael
Gunn – Lemmer Estates
Registered with the PPRA
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