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Farningham Ridge, Farningham Ridge, Pinetown, KwaZulu-Natal
R 2 500 000
This is the case with this 10 bedrooms, 4 bathrooms investment opportunity. Correct Address and value for money. The house has been sectionalized in 4 units that generate at total income of R29500. You can live in one of the units and rent out the rest, rent out all of them or bring your family and friends to share. Main Unit 3 bedrooms,1 bathroom, Lounge, Dining, a beautiful kitchen -Option to stay in main house while receiving R20000 from flatlets. Currently let for R9000,00. Flatlet 1 3 Bedrooms, 1 Bathrooms, Lounge and kitchen. Previously rented out for R8500. Flatlet 2 3 Bedroom, I Bathroom, lounge and Kitchen. Previously rented out for R7500. Flatlet 3 1 Bedroom, lounge, Kitchenette and Bathroom, currently rented out for R4500 The owner is sad to let this income generator go, but the good news is, IT COULD BE YOURS!!!! Call me and let's talk numbers and...
Estimated monthly repayment
R 23 608
on a R 2 250 000 bond over 20 years at 11.25%
Estimate only — actual rates depend on your credit profile + bank approval. Consult a bond originator for a formal quote.
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Farningham Ridge, Farningham Ridge, Pinetown, KwaZulu-Natal
Area view — the exact address is shared on enquiry.
