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R1,600,000

Monthly Bond Repayment R17,062.87
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R1,056

3 Bedroom House For Sale in Elspark

Prime Investment Opportunity: Versatile Property with Multiple Income Streams
This expansive 1399 square meter corner stand property presents a rare investment opportunity with multiple income-generating features.
Main House:
- Entrance Hall leading into a spacious open-plan lounge and dining room-perfect for family living and entertaining.
- A separate study for work-from-home convenience or could be repurposed as a 4th bedroom.
- Family room or additional bedroom option, offering flexibility in layout.
- Well-equipped kitchen with ample cupboard space and a scullery with room for washing machine, dryer, and dishwasher.
- Three well-sized bedrooms, including a main en-suite with a private bathroom.
- A second full guest bathroom with a gas geyser for energy efficiency.
- Carport with space for 3 vehicles.
Income-Generating Cottage:
- Currently generating R6,000 per month, the cottage offers a large lounge with sliding doors that open to a private garden.
- A fully fitted kitchen with extra grocery cupboard space.
- Bedroom with full bathroom and walk-in closet.
- Guest bathroom with toilet facilities.
- Private garden area and secure parking.
Income generating creche (R6,000 per month):
- Own entrance.
- Three classrooms designed for childcare, along with an office, storeroom, and kitchen.
- A well-appointed bathroom with 4 mini-toilets and 1 normal toilet to accommodate young children.
- Carport for 2 vehicles.
Additional Features:
- Lapa with built-in braai, perfect for outdoor entertaining.
- Well-established garden, adding to the property's charm and appeal.
- Workshop and tool shed for additional storage or business use.
- 5000L JoJo water tank and a small inverter with 8 solar panels for emergency lighting, ensuring sustainability and reduced utility costs.
- Precast wall with electric fence and 2 remote-controlled gates provides added security and privacy.
Location:
- Close to all essential amenities including schools, shops, and public transport routes.
- Easy access to major freeways (N17 and N3), making this property ideal for both residential and business use.
This is an exceptional investment with diverse income potential-whether you're looking to rent out the main house, the cottage, or the creche, or simply enjoy the property as your own. Don't miss out on this opportunity! Call today to schedule a viewing

Features

3
3
Interior
Bedrooms
3
Bathrooms
3
Kitchens
1
Reception Rooms
2
Studies
1
Exterior
Carports / Parkings
4
Security
No
Flatlet
1
Domestic Accommodation
1
Sizes
Land Size
1,399m²
Extras
Creche
 
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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

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

17,062.87

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