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Bluff, Bluff, Durban, KwaZulu-Natal
R 1 695 000
If you are looking for an investment to join the property management industry, this is a great start or even addition to your portfolio. The property does need some TLC but currently brings in R19,750 per month in rent which covers your bond and rates, giving you that extra income to start renovating as you go. Automated entry gate and parking for around 6 vehicles. The back yard is shared between tenants, while the front is fenced off for the main property. Main house is a 3 bedroom 1 bathroom property, with open plan lounge and dining room. Flat 1 is a smaller 2 bedroom unit with lounge and kitchenette. Flat 2 is a large 1 bedroom flat with lounge, dining room and kitchen (more than enough space to turn this in to a 2 bedroom flat) Garden maintenance is currently split between tenant and owner. All units are fitted with prepaid electricity meters The property is completely fenced off, close to transport routes and main shopping centers.
Estimated monthly repayment
R 16 006
on a R 1 525 500 bond over 20 years at 11.25%
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Bluff, Bluff, Durban, KwaZulu-Natal
Fair-value check
Fairly pricedIn line with comparable 3-bed houses for sale in Bluff
Based on 144 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Emma Smith
Unclaimed listing — claim it to verify
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