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R1,995,000

Monthly Bond Repayment R21,619.96
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,700

TWO 3 BEDROOM HOUSE FOR SALE IN PROTEAPARK CLOSE TO THE SCHOOL

This investment property in Protea Park, Rustenburg, offers an enticing opportunity for potential buyers. Situated close to Protea Park Primary School, it boasts a substantial land size of 1388m2 and comprises two separate three-bedroom houses, making it ideal for rental income or multi-generational living.

The first property has been newly renovated, featuring three bedrooms with ample closet space, one equipped with an air conditioning unit for added comfort. It includes two bathrooms, an open-plan living room and kitchen area, with the kitchen boasting modern amenities such as a gas stove and electric oven. A separate scullery adds convenience, while a patio with a built-in braai and a spacious backyard offer outdoor relaxation and entertainment options.

The second property also offers three bedrooms and two bathrooms, with a generously sized kitchen providing plenty of storage space. A large dining room connected to the living room creates an inviting space for gatherings, complemented by a cozy fireplace. Outdoor amenities include a patio with a built-in braai, a tool shed for storage convenience, and a vast yard space. Additionally, the property features practical assets like a JoJo tank and borehole, enhancing self-sustainability and water efficiency.

With its desirable location, modern features, and potential for rental income, this investment property presents an attractive opportunity for investors or those seeking a profitable addition to their portfolio in Rustenburg's thriving real estate market.

Features

6
4
Interior
Bedrooms
6
Bathrooms
4
Kitchens
2
Reception Rooms
3
Exterior
Carports / Parkings
4
Flatlet
1
Sizes
Land Size
1,388m²

Protea Park, Rustenburg

South Africa's North West Province is strategically located between Botswana in the west and the economic powerhouse and industrial heartland of Gauteng in the east. The province offers vast mineral resources, sophisticated tourist industry and agricultural abundance. Opportunities abound for increasing the income-producing capacities of the local industries, enhancing product beneficiation within the province...
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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

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

21,619.96

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