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R2,900,000

Monthly Bond Repayment R30,428.42
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R1,700

Charming 5 Beds Family Home with 2 Income-Generating Cottages in Secure Olivedale, Randburg!

This spacious and beautifully designed home offers everything a family could desire, complete with two income-producing cottages and a wealth of amenities.

Main House:
The main house boasts an open-plan, Pinterest-worthy kitchen featuring a 5-plate gas burner stove, a chef-grade oven, a floor-to-ceiling double pantry cupboard, and stylish open wooden shelving. The kitchen flows seamlessly into the dining area and lounge, which is warmed by a wood-burning fireplace-ideal for cozy winter evenings.

From the lounge, step into the enclosed patio, enclosed by wall-to-wall glass sliding doors, offering a perfect spot to relax while enjoying garden views. Down the passage are four spacious double bedrooms, each with laminate flooring, built-in cupboards, and large windows overlooking the lush garden.

The expansive main bedroom is a true retreat, complete with an air conditioner and an en-suite bathroom that features a corner bath, his-and-hers sinks, and a shower. Two additional remodeled bathrooms, one with a bath and the other with a shower, ensure comfort for the whole family.

The garden is a haven for children, with a large, solar-heated pool, a wooden jungle gym, and plenty of space to play. For adults, the undercover seating area with a built-in braai is perfect for entertaining guests.

Cottage 1:
This spacious cottage generates R7,000 per month in rental income. It features a kitchen, a large open-plan lounge and dining area, and a sunny separate bedroom.

Cottage 2:
The second cottage brings in R5,500 per month and offers a modern kitchen and an open-plan bedroom and lounge.

Together, the two cottages provide a combined rental income that covers almost half the bond, making this property a fantastic investment opportunity.

Security Features:
The property is secured with an alarm system, electric fencing, and a CCTV camera system. Additionally, the suburb offers 24/7 monitored CCTV and armed response for added peace of mind.

Additional Features:
- Wood-burning fireplace
- Two rainwater storage tanks
- Large Wendy house for storage
- Solar heating for the swimming pool
- Air conditioner in the main bedroom

Prime Location:
Situated in Olivedale, Randburg this home is perfectly positioned with easy access to major highways and close to top schools such as Bryandale Primary, The King's College, and Curro Bryanston.

This exceptional home combines family living with investment potential-don't miss out on the opportunity to make it yours! Viewing by appointment only.

Features

5
3
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
3
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
6
Security
Yes
Flatlet
2
Pool
Yes
Views
Yes
Sizes
Floor Size
285m²
Land Size
1,260m²
Extras
Built In Braai
 
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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
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Monthly Payment

30,428.42

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