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Family home or Investment - the choice is yours?
R 1,095,000
Can I afford this?
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1 year ago260 views
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General Details
Description
This stone block house that was once the Station Master's house of Merrivale is now available to buy as either a home or an investment opportunity.
The main house and the staff quarters are currently bringing in rental of approximately R100 200 per annum.
Both dwellings are on pre-paid meters. There is the possibility of converting the double garage.
Not only does it have a spacious lounge with a gorgeous fireplace and three bedrooms with wooden floors, it has two tiled bathrooms, a dining room, kitchen and double garage. A lovely covered veranda spans the front of the house.
With an erf of just over 2000 sqm there is plenty of room for a pool or extensions.
This little gem is well worth viewing and just needs some TLC to bring it back to it's former glory.
Property Reference #: RL646
Agent Details:
Kim Fardella
R & R Real Estate
40 Main Road, Howick, 3290
The main house and the staff quarters are currently bringing in rental of approximately R100 200 per annum.
Both dwellings are on pre-paid meters. There is the possibility of converting the double garage.
Not only does it have a spacious lounge with a gorgeous fireplace and three bedrooms with wooden floors, it has two tiled bathrooms, a dining room, kitchen and double garage. A lovely covered veranda spans the front of the house.
With an erf of just over 2000 sqm there is plenty of room for a pool or extensions.
This little gem is well worth viewing and just needs some TLC to bring it back to it's former glory.
Property Reference #: RL646
Agent Details:
Kim Fardella
R & R Real Estate
40 Main Road, Howick, 3290
Id Subtitle 1165778503
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Estimated monthly repaymentR 11,867
Total property loan amountR 1,095,000
Total interestR 1,752,983
Total repaymentR 2,847,983
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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R & R Real Estate
Selling for 2+ years
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