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R2,500,000

Monthly Bond Repayment R24,541.08
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

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Monthly Levy
R2,200
Monthly Rates
R1,800

Reduced

Situated within a secure upmarket development in the Umhlanga Ridge area is this modern two bedroom apartment. The apartment measures 93 square meters and comprises two bedrooms, two bathrooms, an open plan living area, kitchen and balcony. Both of the bedrooms are carpeted for comfort and have built in cupboards, as well as balcony access via sliding doors. The master bedroom opens onto its own en-suite bathroom fitted with a shower suite, while the shared family bathroom is full with both a separate bath and shower. Porcelain tiled floors can be found in the open plan living area, which provides a space for both living and dining, and has sliding doors opening onto the covered balcony which provides views of the ocean and surrounding Umhlanga area. The modern kitchen is also open plan and fitted with built in cupboards and granite tops. A single secure parking bay comes with the apartment, which is situated within a secure development with 24-hour secure access and a communal swimming pool. The development is within easy access of all local amenities and major traffic routes.

Features

2
2
Interior
Bedrooms
2
Bathrooms
2
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
1
Security
Yes
Pool
Yes
Sizes
Floor Size
93m²

Umhlanga Ridge, Umhlanga

Founded in the late 1800's, Umhlanga started as a small seaside town and has blossomed into the thriving vibrant hub is is today. The iconic coastline with it's landmark lighthouse and Oysterbox Hotel, pristine beaches and popular promenade is a hot spot for tourists and locals alike. Umhlanga gets its name from the Ohlanga River, which runs down into the Indian Ocean, and translates from...
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In the news

Why invest in a flat in the Umhlanga Gateway precinct?
    08 October 2014   Three considerations in purchasing investment property are financial feasibility, location & sustainability, and rental demand.   Financial...
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Vat @ 14%
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Exclusive Use
Fica
Deeds Office Search
Electronic Document Preparation
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
Vat 14%
Deeds Office Levy
Postage and Petties
Insurance Certificate
Bank Electronic Connection Fee
NCA Fee
Electronic Document Preperation
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

24,541.08

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