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R5,500,000

Monthly Bond Repayment R59,603.89
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,500

24.68HA SMALL HOLDING FOR SALE IN BALGOWAN

Nestled in the heart of Balgowan, close to Michaelhouse school, is this gem of a property. 24 hectares overlooking the local farmland and towards the Berg.

There are 2 x five bedroom homes, both requiring some modernising and revamping, but with superb views. The main house has a swimming pool, double garages and a flatlet adjacent to the house. There is also a storage area next to the house with another garage. The second house has been divided into 3 sections, each with a fireplace, kitchenette and bathroom, the one section having 3 bedrooms and the other two sections, one bedroom each. This house has a wooden deck overlooking the one dam and the local farmland.

There are also 4 thatch cottages, that have been recently revamped, the kitchens and bathrooms are modern and the lounges, all with fireplaces, open up onto patios that make the most of the views. There are 2 x 3 bedroom cottages and 2 x two bedroom cottages. These cottages have been popular for self catering accommodation as the property is in the heart of the Midlands Meander and have numerous functions venues in the immediate vicinity.

One x three bedroom, two bathroom house, newly renovated, separate from the main property, could be a managers house.

The grounds have been well maintained and there is an opportunity to keep livestock as the property is a substantial size.
This is a property well worth viewing

Features

5
5
2
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
5
Kitchens
1
Reception Rooms
2
Exterior
Garages
2
Carports / Parkings
8
Flatlet
5
Domestic Accommodation
1
Pool
Yes
Sizes
Land Size
24Ha

Balgowan, Howick

KZN’s Midlands, a quiet retreat close to the city buzz, is a popular place to live The country lifestyle of the KwaZulu-Natal Midlands with its convenient access to major cities remains a sought after area. Recently there has been an up-tick in interest in country smallholdings and farms in the Nottingham Road area, while demand for retirement accommodation in secure developments in Howick continues...
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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

59,603.89

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