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R3,700,000

Monthly Bond Repayment R40,097.16
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Charming Farmstyle Home with Income Potential

Nestled in the heart of a picturesque countryside, this exceptional property offers a unique opportunity to own a former bed and breakfast conversion that seamlessly blends historic charm with modern convenience. Situated on an expansive plot, this farmstyle home boasts a rich heritage, featuring the main house with 4 bedrooms, 3 bathrooms, a bar, and a study. In addition to the main house, the property includes 2 well-maintained flats with reliable and stable tenants, providing a steady income stream.

Main House:

4 Bedrooms: The main house offers four spacious bedrooms, each filled with character and charm. These rooms provide comfortable accommodation for family and guests alike.

3 Bathrooms: With two well-appointed bathrooms, morning routines are a breeze. A combination of classic and modern fixtures ensures comfort and convenience.

Bar and Study: A dedicated bar area is perfect for entertaining, and a private study offers a quiet space for work or relaxation.

Income Potential:

2 Flats: The both flats come with dependable, long-term tenants, providing a consistent source of rental income. A wise investment for any homeowner.

Outbuilding Conversion: The property also features an outbuilding with the potential to be converted into a third 1-bedroom flat. This additional unit could offer even more rental income or serve as a guest suite for extended family.

Expansive Plot with Endless Potential:
The expansive plot not only provides ample space for a variety of outdoor activities and hobbies but also presents exciting development opportunities. You can explore the potential to add another house on the property or consider subdividing it, providing endless possibilities for expansion, investment, or simply enjoying the vast open spaces and natural surroundings.

This unique farmstyle property is a dream for those seeking a blend of historic charm, modern amenities, and an income-generating opportunity. Don't miss the chance to own this versatile property that offers the best of both worlds. Contact us today to schedule a viewing and explore the potential that awaits in this remarkable countryside haven.

Features

7
5
Interior
Bedrooms
7
Bathrooms
5
Kitchens
1
Reception Rooms
2
Studies
1
Exterior
Carports / Parkings
6
Flatlet
2
Domestic Accommodation
1
Pool
Yes
Sizes
Land Size
2,277m²

Fairview, Empangeni

The friendly town of Empangeni can be found nestled in the hilly countryside of the Mpangeni Valley. Located about 160km from Durban, Empangeni overlooks the harbour town of Richards Bay, which is a convenient 15km away. Falling under the Uthungulu District Municipality, Empangeni is wrapped in the wide open, evergreen planes of Zululand – with sugarcane plantations dotting its landscape.  Its weather...
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Industry and Employment Draws Buyers to Empangeni
Employment plays an important role in owning real estate, it seems apparent yet it is often overlooked as being one of the key driving factors in the property market. The growth in demand for homes in certain areas can be pin...
 
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Disclaimer: While every representation will be made by Lew Geffen Sotheby's International Realty to ensure that the information contained within the website is accurate and up to date, 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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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

40,097.16

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