Smallholding along the Schafli Road, Crossways area East London

R 2,950,000

Can I afford this?
13 days ago29 views
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General Details
For Sale By:Agency
Description
We are proud to present this property that has many opportunities for the buyer that is looking for a smallholding located in a good area and close to the N2 to East London or Mthatha.  Only a few kilometers to  the Crossways Shopping Centre, Lillyfontein School and the The Study Squad.
The property has a fully functional three bedroom house with a study, kitchen, lounge and double garage.  One bedroom flat with open plan lounge and kitchen, separate bathroom and bedroom with en-suite.
There is a new 160 square meter house built (wet work) with roof, windows and doors that would need to be completed.  This home has been designed to cater for 2 separate units with two bedrooms each all  en-suite, lounge and kitchen.
Third house that is half built which offers four bedrooms all en-suite, lounge and kitchen.
The property has a strong borehole and water tanks.  Single phase electricity and solar power in the main house.
The property is fully fenced and has beautiful country views.
This property is ideally suited for an individual who wants to live and have a rental portfolio.
PRICE INCLUDES VAT NO TRANSFER DUTY

Property Reference #: 7002001-46463

Agent Details:
Leza Ford
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274197925
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Estimated monthly repaymentR 31,970
Total property loan amountR 2,950,000
Total interestR 4,722,647
Total repaymentR 7,672,647
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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EXP Realty
Selling for 2+ years
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