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R1,975,000

Monthly Bond Repayment R21,403.21
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R2,500
Monthly Rates
R720

Light and spacious one bedroom apartment for sale in the popular Melrose Village!

Modern and secure one bedroom apartment for sale in tranquil Melrose Village.
Located behind the Empire building with a short stroll to restaurants, transport and world renowned surfers corner, this an apartment not to be missed. The apartment comes with the following:

- One bedroom with BIC's
- One bathroom with a shower over the bath
- Open plan kitchen with plumbing for one appliance leading into the lounge and large terrace
- Spacious terrace with stunning mountain views
- One secure parking bay
- 24 Hour Security
- Communal Pool
- Prepaid electricity
- Water is metered
- Apartment is fibre ready

*Lease agreement in place until the 31st of December 2024 and the monthly rental is R10 500 per month
*Monthly levies are approximately R2500
*Monthly rates are approximately R720

Don't miss this special apartment, contact me to arrange a viewing!

Features

1
1
Interior
Bedrooms
1
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
1
Security
Yes
Pool
Yes
Sizes
Floor Size
56m²

Muizenberg, Cape Town

Muizenberg Property Muizenberg Location Muizenberg is a coastal town in South Africa's Western Cape. It is located on the False Bay coast, where the Cape Peninsula's beach swings round to the east. It is known as Cape Town's primary surfing area and is now home to a thriving surfing culture centred around the iconic 'Surfer's Corner.' The row of modest, vividly painted buildings that line Muizenberg's...
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Rental Income And Property Value Despite Interest Rate Hike
Rental income increase despite the 11.75% interest rate hike. A well positioned property should mean a substantial return on your property income. However, in the South African economy, property investors have struggled to obtain...
 
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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
%

Monthly Payment

21,403.21

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