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R1,450,000

Monthly Bond Repayment R14,966.73
Calculated over 20 years at 11% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R1,500

IDEAL FOR STUDENT ACCOMMODATION

This is a commercial property located in a vibrant area close to the University of KwaZulu-Natal (UKZN) and other educational institutions. The property hosts several businesses, including:

Campus Driving Institute: A driving school offering driver training services.

Ikhwezi House: A bed and breakfast establishment providing accommodation services.

Additionally, nearby properties on Hutchinson Road include educational and residential establishments such as Lindiwe Educare, a preschool located at 19 Hutchinson Road. They offer inclusive teaching and a safe environment for children aged 8 months to 6 years.

The area is known for its proximity to UKZN, making it a hub for student accommodation and related services. Properties in this vicinity often cater to the needs of students and faculty members.

This house is ideal for a student accommodation currently occupied by 10 students until November 2025 with about R33000 rental collection per month.

Features

3
2
1
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
2
Kitchens
1
Reception Rooms
1
Exterior
Garages
1
Flatlet
1
Sizes
Land Size
922m²
 
  • 1
 

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Disclaimer: While every effort will be made to ensure that the information contained within the Ingwe Property Group website is accurate and up to date, Ingwe 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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R

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

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

14,966.73

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