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4 Bedroom House For Sale in New Germany

R1,550,000


Monthly Bond Repayment R16,797.46
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RLS927542

Real investment opportunity with immediate returns

Opportunities like this one are rare to find. This house used to be a B&B and offers a total of 7 bedrooms and 6 bathrooms. In need of some TLC, value for money.

Option to stay in main house while 85% (R13 600) of your bond is paid for by the rent income from flatlets or rent it all out and have a monthly surplus.

Main House
3 bedrooms (1 Ensuite and a family bathroom), Lounge / Dining, and a beautiful kitchen. Two carports allocated to the main house.

Flatlet 1 (attached to the main house)
A bachelor pad, with a separate bathroom. This is currently rented out for R3000.

Flatlet 2 (attached to the main house)
1 Bedroom, Lounge, kitchenette, with separate bathroom. Currently rented out for R3600.

Flatlet 3
Wooden cabin with 1 bedroom, lounge, kitchenette and en suite bathroom, currently rented out for R3500

Flatlet 4
Wooden cabin with 1 bedroom, Lounge, Kitchenette and en suite bathroom, currently rented out for R3500

Each of the flatlets has a prepaid meter and separate geyser. Enough parking for everone plus more for visitors.

The owner is sad to let this income generator (R21 600,00) go, but the good news is, IT COULD BE YOUR CHANCE TO SMILE ALL THE WAY TO THE BANK!!!!

Call me and let's talk numbers and offers.

Features

Bedrooms 4
Security Yes
Bathrooms 6
Flatlet 4
Recep. Rooms 5
Dom. Accom. 1
Land Size 1,267m²
Carports/Parkings 2
Pets Allowed Yes
Monthly Rates R3,200.00

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