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FIVE BEDROOM HOUSE WITH LOTS OF POTENTIAL
R 500,000
Can I afford this?12 Photo(s)
13 days ago62 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):5
Bathrooms (#):1
Size (sqm):277
Parking:Garage
Description
Going on Auction: Wednesday 22 May 2024
Reserve Price: R500 000.00. (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
Big five-bedroom family home that needs renovation and TLC. One-bathroom, spacious lounge and dining room and a small kitchen that needs attention. Bring your taste of flooring, painting and finishes and transform this house into your dream family home. Outside is a small back garden and a single lock-up garage. The property is currently tenanted on a month-to-month basis with a rental income of R5000.00p/m. One month exit clause notice is required. The seller disclosed serious defects to the property. The onus is on the purchaser to fix these defects. The Property is sold “Voetstoots”. The seller is registered for VAT.
Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.
Property Reference #: 1247990
Agent Details:
Tanya Jovanovski
Rawson Properties Rawson Auctions Western Cape
222, Main Road, Cape Town, Rondebosch, Western Cape
Reserve Price: R500 000.00. (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
Big five-bedroom family home that needs renovation and TLC. One-bathroom, spacious lounge and dining room and a small kitchen that needs attention. Bring your taste of flooring, painting and finishes and transform this house into your dream family home. Outside is a small back garden and a single lock-up garage. The property is currently tenanted on a month-to-month basis with a rental income of R5000.00p/m. One month exit clause notice is required. The seller disclosed serious defects to the property. The onus is on the purchaser to fix these defects. The Property is sold “Voetstoots”. The seller is registered for VAT.
Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.
Property Reference #: 1247990
Agent Details:
Tanya Jovanovski
Rawson Properties Rawson Auctions Western Cape
222, Main Road, Cape Town, Rondebosch, Western Cape
Id Subtitle 1274040326
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Estimated monthly repaymentR 5,419
Total property loan amountR 500,000
Total interestR 800,449
Total repaymentR 1,300,449
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 Rawson Auctions Western Cape
Selling for 3+ years
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