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R1,095,000

Monthly Bond Repayment R11,302.46
Calculated over 20 years at 11% with no deposit. Change Assumptions

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Monthly Levy
R2,550
Monthly Rates
R285

Investment Opportunity in Popular Complex

Well priced and spacious, this 2 bedroom apartment is conveniently located close to the entrance of Somerset Sereno. This is an end property, with a good-sized open plan lounge and kitchen, plus a balcony. The bedrooms share a bathroom with a bath and shower. The sunny north facing kitchen is equipped with a built-in hob and extractor. The apartment is located on the first floor and comes with 2 allocated parking bays conveniently nearby. With a little TLC this could be a lovely home or investment, as these properties are extremely sought after. Sales in this price range are free of Transfer Duty, although other fees do apply. Somerset Sereno is pet friendly but subject to Body Corporate approval. We have a very responsible and excellent tenant in place.

Somerset Sereno is extremely well maintained and kept in great condition. It has a swimming pool and play areas for children, which are currently being upgraded. The complex falls under the Faircape umbrella. This central location means a short commute for those needing easy access to Strand, Gordon’s Bay or the N2 Freeway. Please note that these are photos of the actual apartment, which were taken some time ago. Please call Pat for more details, or to arrange your viewing.

Features

2
1
Pets Allowed
Yes
Interior
Bedrooms
2
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
2
Security
Yes
Pool
Yes
Sizes
Floor Size
81m²
Extras
24 Hour Access • Balcony • Open Plan • Hob • Extractor Fan • First Floor

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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:

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Expenses

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

11,302.46

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