SHOWING LISTING 1 OF 1
 
GET EMAIL
ALERTS
Tour here

R1,499,000

Monthly Bond Repayment R16,244.77
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs | Currency Converter

Monthly Rates
R1,250

INVESTMENT OPPORTUNITY ON MOUNTBATTEN DRIVE!

Calling all astute investors to seize this extraordinary property opportunity! Nestled on a 1228m2 piece of prime real estate, this 6-bedroom, 5-bathroom gem of a property is an income-generator from the get-go. With a sage investment price of R1,499,000, your yield potential will sky-rocket!

The current owners have expertly partitioned the main property into 5 separate units, each with private access, creating an autonomous living arrangement that appeals to today's tenant. Generating a passive income of R20,900 per month, this investment essentially pays for itself. The cherry on top? The tenants are happy to continue their occupancy post-sale.

Located in the thriving hub of Reservoir Hills, Durban, this property provides convenient access to local amenities, such as the Reservoir Hills Mall and local schools. Savour the convenience of city living with the major thoroughfares of New Germany Rd and Mountbatten Dr only a stone's throw away, and enjoy plentiful access to public transport.

Although currently an investment property, this versatile property can effortlessly be converted into a stunning single-family residence. It boasts a plentiful parking area and a lovingly maintained garden. Plus, pet lovers rejoice! This property warmly welcomes your furry friends.

Could this venture be any more lucrative? Yes! The property sits on level land, providing endless potential for future development or expansion.

So, don't delay! This is a must-see property; with its many features, prime location, and income potential, it won't be in the market for long. Dial now, reserve your spot as a thriving property investor in Reservoir Hills, Durban. Take the first step towards effortless income generation and unparalleled property ownership. Let’s unlock this door together!

Features

6
5
Pets Allowed
Yes
Interior
Bedrooms
6
Bathrooms
5
Kitchens
6
Reception Rooms
2
Exterior
Carports / Parkings
6
Security
Yes
Sizes
Land Size
1,228m²

Reservoir Hills, Durban

The city of Durban is rich in culture, warmth and personality. The view of the city skyline with the iconic Moses Mabhida Stadium arch rising from the bay on a crisp blue afternoon is breathtaking. There are miles of gorgeous beaches and vegetation-dense inland hills rising behind the city borders, when the need to get out and explore beckons. This raw beauty has guaranteed that Durban has and always will be a...
More Info

In the news

Durban's Hot Property Locations
Chris Tyson, chief executive officer of Tyson Properties, says as Africa’s fastest growing city, Durban is an exciting place to work, play and live in.   Tyson explains that KwaZulu-Natal is one of the...
 
  • 1
 

Get Email Alerts

Sign-up and receive Property Email Alerts of Houses for sale in Reservoir Hills, Durban.

I accept your privacy terms. Privacy Policy
We will communicate real estate related marketing information and related services. We respect your privacy. See our Privacy Policy

Disclaimer: While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson Properties 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.

R
R

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

16,244.77

You currently have no favourites.
Click on the favourite icon for a property to add it to your favourites.