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R4,500,000

Monthly Bond Repayment R43,425.97
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

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Monthly Rates
R2,211

Excellent Development potential in the heart of Glenwood.


Serious Seller. This historical, colonial style home on 2243m2 of level land with drive-in access and parking for 15 to 25 , has huge developement potential, Or demolish and develop. The current GR2 zoning permits roughly 40 Units
Alterations and renovations which are still incomplete, includes 6 garages with future vision of accommodating vertical extensions; a summer house bath rooms, patio ; gym with on suite bathroom and sauna ,workshop and studio which can be converted into a cottage.

The staircase in the main house designed with enough space and style should it be converted into corporate offices or medical practice centre. The 20m pool at 1.1m depth throughout with a Jacuzzi has 3 pool pumps and heater and this could be used for physiotherapy and rehabilitation. All alterations done according to approved plans.
Currently this 3,5 m high ceiling with timber flooring house is a large 3 bedroomed, 3 bath rooms, 2 lounges, study house with a large foyer down stairs and upstairs which can be altered into a 5 bedroomed home. With a large kitchen that has a separate scullery and laundry.

A multiple zoned alarm system, which is partitioned with internal and external sensors. The house has new plumbing and is completely re-wired with 2 separate power supplies and 6 electrical distribution boards.

Features

5
2.5
6
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
2.5
Reception Rooms
3
Studies
1
Exterior
Garages
6
Carports / Parkings
18
Security
Yes
Flatlet
2
Domestic Accommodation
1
Pool
Yes
Sizes
Floor Size
750m²
Land Size
2,243m²

In the news

Leapfrog Durban Central's Value Added Approach
Kim and her husband, Terence, are the principals of Leapfrog Durban Central and work together as a close-knit team, complementing each other - she with 18 years' experience in real estate, and he bringing 40 years of...
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Leapfrog Property Group website is accurate and up to date, Leapfrog Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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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

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Monthly Payment

43,425.97

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