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A Home for Joint Ownership or Investment for Sale in Macassar.
R 1,770,000
Can I afford this?25 Photo(s)
10 months ago178 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):192
Parking:Garage
Description
Did you know that up to 12 family members can buy one property jointly? Here's an opportunity for multiple families to live together harmoniously or for investors to generate substantial rental income from one property.
Property Features:
This spacious property boasts at least 3 separate units under one roof, each with family bathrooms and main bedrooms with en-suite facilities.
Unit Configuration:
Unit 1: 3 bedrooms (main en-suite) with built-in cupboards, family bathroom, kitchen with hob, oven & fan.
Unit 2: 3 bedrooms (main en-suite) with built-in cupboards, family bathroom, kitchen with hob, oven & fan.
Unit 3: 2 bedrooms (main en-suite) with built-in cupboards, family bathroom, kitchen with hob, oven & fan.
Additional Property Details:
This majestic face brick double-story house with modern finishes is situated in a quiet area of Macassar.
Each unit has a separate water meter, allowing for individual water usage billing.
Rates & taxes are very low, and each unit has its own prepaid electricity meter.
Joint Income Possibilities:
12 people buying together: R5,500 each
6 people buying together: R10,900 each
2 people buying together: R32,500 each (with potential to rent out the other two units to cover the bond)
Total joint income of R65,000 qualifies you for this magnificent HOME.
Projected Rental Income:
Investors can expect a projected rental income of over R20,500 if all three units are occupied.
Location:
Close to all amenities, making it an attractive choice for families or tenants alike.
Don't miss out on this exceptional opportunity for joint ownership or investment. Contact us today to arrange a viewing and secure your future investment.
Property Reference #: 1208054
Agent Details:
Gilbert Wewers
Rawson Properties Macassar
7, Musica Avenue, Macassar, New Macassar Village, Western Cape
Property Features:
This spacious property boasts at least 3 separate units under one roof, each with family bathrooms and main bedrooms with en-suite facilities.
Unit Configuration:
Unit 1: 3 bedrooms (main en-suite) with built-in cupboards, family bathroom, kitchen with hob, oven & fan.
Unit 2: 3 bedrooms (main en-suite) with built-in cupboards, family bathroom, kitchen with hob, oven & fan.
Unit 3: 2 bedrooms (main en-suite) with built-in cupboards, family bathroom, kitchen with hob, oven & fan.
Additional Property Details:
This majestic face brick double-story house with modern finishes is situated in a quiet area of Macassar.
Each unit has a separate water meter, allowing for individual water usage billing.
Rates & taxes are very low, and each unit has its own prepaid electricity meter.
Joint Income Possibilities:
12 people buying together: R5,500 each
6 people buying together: R10,900 each
2 people buying together: R32,500 each (with potential to rent out the other two units to cover the bond)
Total joint income of R65,000 qualifies you for this magnificent HOME.
Projected Rental Income:
Investors can expect a projected rental income of over R20,500 if all three units are occupied.
Location:
Close to all amenities, making it an attractive choice for families or tenants alike.
Don't miss out on this exceptional opportunity for joint ownership or investment. Contact us today to arrange a viewing and secure your future investment.
Property Reference #: 1208054
Agent Details:
Gilbert Wewers
Rawson Properties Macassar
7, Musica Avenue, Macassar, New Macassar Village, Western Cape
Id Subtitle 1217946075
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Estimated monthly repaymentR 19,182
Total property loan amountR 1,770,000
Total interestR 2,833,588
Total repaymentR 4,603,588
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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Rawson Properties Macassar
Selling for 3+ years
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