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R2,000,000

Monthly Bond Repayment R21,328.59
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Levy
R1
Special Levy
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13 Bedroom Room For Sale in Ongoye

*Investment Opportunity: 13 Room Rental Property with Potential for Expansion*

Welcome to this exceptional investment opportunity, perfectly suited for savvy investors and entrepreneurs. This expansive property boasts 13 individual rooms, each with its own ensuite bathroom, offering a unique chance to generate substantial rental income.

*Features:*

- 13 spacious rooms with ensuite bathrooms, providing privacy and comfort for tenants
- Some rooms require TLC and finishing touches, allowing for customization and personalization
- Jojo tank for backup water supply, ensuring continuous water access
- Fully fenced property, offering security and peace of mind
- Expansive yard, providing ample space for additional rooms or expansion

*Investment Potential:*

- Ideal for conversion into student accommodation, catering to the growing demand for student housing
- Potential for substantial rental income, with 13 individual rooms
- Opportunity to add value through renovations and finishing touches
- Perfect for investors seeking a lucrative opportunity in the rental market

*Expansion Opportunities:*

- Big yard allows for additional rooms or structures to be added, increasing rental income potential
- Possibility to build a communal area or amenities, enhancing the property's appeal to tenants

Don't miss out on this exceptional investment opportunity. Contact us to schedule a viewing and take the first step towards unlocking the property's full potential!

Features

13
13
Interior
Bedrooms
13
Bathrooms
13
Sizes
Floor Size
800m²
Land Size
1,600m²
Extras
Backup Water • En Suite • Electricity Included

Ongoye, Empangeni

Nestled in the heart of Zululand, Empangeni is a bustling town that serves as a vital economic and cultural hub in the region. Known for its vibrant community, strategic location, and abundant natural beauty, Empangeni has evolved from a small railway station into a dynamic urban centre. With its rich history, diverse industries, and numerous amenities, Empangeni offers residents a balanced and fulfilling lifestyle,...
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Disclaimer: While every effort will be made to ensure that the information contained within the Maxprop Property Group website is accurate and up to date, Maxprop 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

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

21,328.59

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