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R1,550,000

Monthly Bond Repayment R16,529.66
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R1,113
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4 Bedroom House Available for Sale at R1 550 000.00

Dormehl Phalane Property Group Apex introduces an exceptional opportunity to own a stunning 4-bedroom home in the sought-after Reservoir Hills on a sole mandate, where modern living meets investment potential! Priced attractively at R 1,550,000, this beautiful 1162 square metres property is just six minutes away from UKZN University, making it the perfect choice for those looking to invest in student accommodation.

Step into a spacious living environment that boasts a large kitchen equipped with elegant granite countertops, ideal for both everyday meals and large gatherings. The home features four neat and roomy bedrooms, three of which come with built-in cupboards, while one offers a private ensuite. Each room is designed to accommodate multiple students, ensuring you maximize your rental income. Security is a priority, with a comprehensive security system in place, along with the comfort of fully air-conditioned spaces.

Energy efficiency takes center stage with a solar geyser and a solar inverter with a robust 5.5 kW battery backup, providing peace of mind and cost savings. The generous land size not only provides ample outdoor space but also presents the opportunity to construct additional rental units, further enhancing your investment potential. This property is more than just a home; it’s a canvas for the visionary buyer looking to capitalize on a lucrative market.

Don’t miss your chance to secure this remarkable piece of real estate that can generate significant returns for years to come!

Features

4
2.5
2
Interior
Bedrooms
4
Bathrooms
2.5
Kitchens
1
Reception Rooms
2
Exterior
Garages
2
Carports / Parkings
4
Security
Yes
Sizes
Floor Size
1,162m²
Land Size
1,162m²

Reservoir Hills, Durban

Durban Durban is the largest city in the South African province of KwaZulu-Natal and the third largest city in the country, forming part of the eThekwini metropolitan municipality. Durban is famous as the busiest port in South Africa and is also a major centre of tourism because of the city's warm subtropical climate and extensive beaches. Voted as one of the top 10 family beach holiday cities in the...
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In the news

DPG's New Tenacious Twosome is Set to Soar
THE world of real estate had better be ready for the tenacious twosome of Durban-based Mervin Donnelly and Stacy Fernandez.  These amiable property practitioners are determined to make their mark quickly after recently having...

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Market value

R1,550,000

Offers from

R1,395,000

Offers for this listing must be made in R1,395,000 increments. More Info

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Disclaimer: While every effort will be made to ensure that the information contained within the Dormehl Phalane Property Group website is accurate and up to date, Dormehl Phalane Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

16,529.66

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