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R680,000

Monthly Bond Repayment R7,251.72
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Great Investment Opportunity Near Ikhala TVET College!

This spacious 4-bedroom house, located in the sought-after area of Ezibeleni Zone D, offers an exceptional investment opportunity! Perfectly positioned just a stone’s throw from Ikhala TVET College, this property is ideal for turning into student accommodation to capitalize on the growing demand for rental properties in the area.

The property features a generous yard space, providing ample room for further development or additional rental units. With the booming student population in the area, this is a prime opportunity for steady rental income.

Key Features:

Bedrooms – Spacious and well-lit, ideal for a student rental setup.
1 Lounge – Comfortable living area with plenty of room for relaxation.
1 Kitchen – Functional with potential for upgrades or renovations.
1 Bathroom & Toilet – Conveniently located for easy access.
3 Extra Outside Rooms – Built by the owner for rental purposes, providing additional income.

Investment Potential:
This property has tremendous potential for expansion, with the existing outside rooms offering an immediate source of rental income. The large yard space further enhances the possibilities for development, making this an excellent choice for anyone looking to invest in the student accommodation market.

Location Highlights:

Prime location near Ikhala TVET College, offering a high demand for student rentals.
Close proximity to essential amenities, including shops, schools, and public transport.
Easy access to major roads and routes.
Don't miss out on this great investment opportunity! With the growing demand for student accommodation in the area, this property presents an exciting chance to generate reliable income while building long-term value.

Contact us today to schedule a viewing or for more information!

Features

4
1
Interior
Bedrooms
4
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
4
Flatlet
3

Ezibeleni, Queenstown

Background and Historical Information of the Area Queenstown, officially named Komani now, is a historic town located in the Eastern Cape province of South Africa. In early 1853, under the guidance of Sir George Cathcart, Queenstown was established as a settlement, and subsequently, as a fort, bearing the name of Queen Victoria. The Eastern Cape region was a site of conflict and warfare during the 19th century...
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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

7,251.72

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