Property Details
Excellent Investment or First-Time Ownership Possibility!"
Price: R499,000
Rates & Levies: R2,000
Unit Size: 63m2
Welcome to this well-priced apartment located in the vibrant heart of Durban Central. Whether you're an investor seeking a rewarding return, a first home buyer or a savvy real estate enthusiast keen for an exciting project, this property standing on the vibrant grounds of the famous JOHN ROSS HOUSE is the chance you've been waiting for!
Featuring a spacious bedroom and even more oversized lounge, this apartment offers breathtaking seaviews for you to feast your eyes on. Here, you can relax and soak up the stunning Durban panorama after a long, busy day. However, do note that both the kitchen and bathroom call for some renovation love, so bring your vision and turn this diamond in the rough into a dazzling gem.
Strategically positioned, this apartment is close to all amenities providing you with ultimate convenience. From the bustling shopping districts, renowned dining culinary experiences, leading health facilities to the beachfront promenade, life here in Durban Central will never leave you longing for more.
For potential investors, this property presents a great opportunity. An option exists to carry on with a long-standing tenant who delivers a consistent rental income of R5,000. Hassle-free income and potential property appreciation in one package!
For first-time owners, this reasonably priced apartment could be your gateway to real estate ownership. On an income of R17,000, you qualify to acquire this property. Plus, you may even be eligible for a FHF (previously FLISP) subsidy of around R70,000 to assist with bond and transfer costs; an incredible opportunity that shouldn’t be missed!
Transfer & Bond Costs: +/- R46,368 (First Time Buyers qualify for discounts and may be included as part of the bond application)
Monthly Repayments: +/-R5,321 calculated at 11.50% over 20 years with 0 deposit. (Note: This is dependent on your individual credit profile)
Qualifying Salary: R17,000 {Combined/Single Gross Income}
Note: R17,000 salary qualifies for +/-R70,000 FHF (FLISP) Subsidy.
Contact us before it’s too late!!