Property features

R 150 000
10 Bedrooms
0.0 Bathrooms
0 Living Room/s
Garage for 0 car/s

Property Details

We are pleased to introduce an excellent investment opportunity for property developers in New Payne, a highly sought-after area in Rural Mthatha. Located near essential amenities such as schools, local businesses, and public transportation, this area attracts working-class tenants seeking affordable rentals near the Mthatha CBD.

At Thamelo Properties, we are dedicated to transforming real estate markets and empowering communities through affordable land ownership. This property has clear, undisputed ownership and is being sold by an elderly owner preparing for retirement.

Property Features:

10-room flats (semi-complete)
Boundary wall
Electrical tubing
Septic tank
Roof in good condition

The property is in semi-good condition, requires only minor renovations, and offers a rental potential of R5,000 per month once occupied. Thamelo Properties can also assist you with tenant sourcing and management.

Important Considerations:

Cash Only: Major banks do not fund rural properties; this must be a cash transaction.
Additional Costs: The buyer is responsible for transfer costs and attorney fees.

Please let us know if you would like to schedule a viewing or require further details.

Share this property

Thamelo Properties

0839668464

Whatsapp Me

[email protected]

View all Agent's Properties

Thamelo Properties

0839668464

[email protected]

View all Agency Properties

Bond Calculator

Calculate your estimated monthly bond repayment for this property

Property Price

Deposit

% R

Interest Rate (% per annum)

Loan Term

Include upfront costs

Your Estimated Repayment

Monthly Bond Repayment

R 0

Loan Amount: R 0

Total Interest: R 0

Total Repayment: R 0

*This is an estimate. Actual rates and costs may vary. Contact the agent for accurate quotations.

Property Investment Calculator

Buying to invest? Analyse this property's investment potential

Calculate cash flow projections, ROI, rental yields, and see when this property could start making you money. Get a detailed 20-year investment analysis with tax benefits.

Analyse Investment Returns

Get in touch with Agent

Your Name

Your Email

Your Phone Number

Your Message

For your convenience you will be automatically added to our area alerts.

Subscribe to regular
updates

Interested in properties in this area? Enter your email and get regular updates about properties.

Houses for Sale
Houses for Rent
Rooms for Rent

Property Not Available? Report it