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R1,300,000

Monthly Bond Repayment R13,863.59
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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House For Sale in Lorentzville, Johannesburg

This beautiful home presents a good opportunity to invest and own a property with established tenants and regular income. 


This property consists of a main house and a separate cottage. 


The property has 8 tenants and generates a monthly rental of R17 000. per month. 


Each unit has a prepaid electricity meter which is managed by the tenants, and tenants pay for water separately. 


The building also has an opportunity for a street level retail shop- which should achieve a further rental of between R5000 to R7000. per month. 


This is a good investment, money generating property that requires little or no management. 




Features

10
8
Interior
Bedrooms
10
Bathrooms
8

Lorentzville, Johannesburg

Johannesburg is probably South Africa's most vibrant metropolis; it serves as the capital of the wealthiest province in the country, Gauteng. It is also fondly referred to as "Egoli" or "Jozi". As well as being the economic hub of the country, it also boasts a wide variety of Johannesburg real estate investment opportunities. From the bright lights and the skyscrapers of the city's CBD to the tranquil tree-lined...
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Is Investing in Property in Johannesburg a Smart Move?
In short? YES! Investing in property can be a lucrative venture. But is it a wise move currently? Is it a better idea to invest in lucrative, or developing areas? RE/MAX Advantage, experts in the area, took a...
Published 15 Oct 2024
 
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Disclaimer: While every effort will be made to ensure that the information contained within the RE/MAX ADVANTAGE website is accurate and up to date, RE/MAX ADVANTAGE 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
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%

Monthly Payment

R 

13,863.59

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