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R1,200,000

Monthly Bond Repayment R12,797.16
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R2,300
Monthly Rates
R1,010

Prime Location, Ideal Investment Opportunity Awaits

Discover this well-maintained 2-bedroom apartment nestled in the highly sought-after area of Cowey Road.
This property presents an exceptional investment prospect due to its desirable location, offering great potential for rental income.
The apartment features a cozy separate kitchen complete with granite tops, hob, undercounted oven, extractor and ample cupboard space. There is a large open plan living and dining area. The comfortably sized bedrooms are well-lit and comes with generous built-in cupboards, all tastefully tiled. The main bedroom is air-conditioned and opens onto a balcony with great city views. The bathroom boasts a shower, basin with a separate toilet.
This apartment offers convenient parking options, including one undercover parking space and an additional open bay parking.

The complex boasts a stunning communal garden featuring two built-in braais and an entertainment area. This outdoor space is perfect for relaxation and social gatherings. The building is efficiently managed, ensuring a secure and comfortable living environment. Security features include electric fencing, an electric gate, intercom system, and access control, night guard, providing residents with peace of mind.
Additionally, the complex offers beautifully landscaped gardens, enhancing the overall appeal of this investment opportunity. Water and insurance are included in the levy. Currently generating a rental income, lease expires February 2024.

Centrally located and you'll have easy access to local amenities, schools, parks, and shopping center's.

Don't miss out on this perfect investment unit in an excellent location. Call Now!

Features

2
1
Pets Allowed
Yes
Interior
Bedrooms
2
Bathrooms
1
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
2
Security
Yes
Sizes
Floor Size
100m²
Extras
Guard • Electric Fencing • Intercom • Air Conditioner • Communal Braai Area • Electric Gate

Essenwood, Durban

Beach meets business Durban Central is a diverse, colourful neighbourhood that includes the beachfront areas, the Berea, Morningside, Glenwood, Musgrave and the CBD. The beach is the biggest attraction and locals flock the promenade to cycle, run, surf, swim, fish or just catch some sun. There are also incredibly lush parks and open spaces dotted around the neighbourhod for residents to take advantage of. The...
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The Simple Story of a Pioneer Durban Firm
R. ACUTT & SONS 1851 – 1951, ONE HUNDRED YEARS OF SERVICE, Founder of the Firm of R. ACUTT & SONS, LAND AUCTIONEERS, REAL ESTATE AGENTS, (ESTABLISHED 1851) Born at Babbacombe Bay, Torquay, Devon, England, 9th August,...
 
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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

12,797.16

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