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R10,950,000

2D Edward Place

Monthly Bond Repayment R111,167.57
Calculated over 20 years at 10.75% with no deposit. Change Assumptions

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Monthly Rates
R3,362.5

DREAM COASTAL BEACH HOME OFFERING A LUCRATIVE INVESTMENT OPPORTUNITY IN PRIME LOCATION

**SOLE & EXCLUSIVE MANDATE TO SEEFF**
Welcome to Compensation Beach, where luxury and beachside living merges seamlessly in this beautiful new listing. Boasting direct beach access, this property offers the epitome of coastal living. With its prime location and earning potential, it presents a great opportunity to generate a significant income. Furthermore, there is room for expansion and development, allowing you to further capitalize on its potential.

This exceptional property features a captivating open-plan living space with a renovated kitchen, modern appliances, and ample storage. The enclosed patio is an outdoor haven with a braai area, ideal for enjoying the sea breeze.There are five generously-sized bedrooms, providing accommodation for family and guests. The bathrooms showcase modern design and high-quality finishes. For relaxation, the air-conditioned lounge and tastefully furnished dining room create a warm and inviting ambiance. Comprehensive security measures ensure your safety and peace of mind. The property also offers a martini pool and breathtaking beach views from the main bedroom and guest room.

If you're considering this property as an investment, it currently serves as a highly successful holiday letting home. Its prime location and earning potential offer a great opportunity for generating income. Additionally, there is room for expansion and development to further capitalize on its potential

In terms of location, the property is close to Rock Tidal Pool, the Compensation Beach Promenade, and Clarke Bay. It provides easy access to renowned restaurants, shopping centers, and amenities. Compensation Beach is renowned as one of the top KwaZulu-Natal beaches, set against a backdrop of holiday accommodation and tourist facilities. It is the main beach of Ballito and is a prime getaway for the whole family. In recognition of its gorgeous setting, safe conditions, and excellent amenities, Willard Beach has been awarded as one of the few Blue Flag beaches in the country. The 2.5 km Ballito Promenade is one of the greatest tourist draws, stretching from Willard Beach to Salmon Bay. Located along this promenade is a diverse range of sectional title apartments offering sea views, direct access to the walkway, and easy walking distance to many restaurants and pubs. These units are ideal properties for holidays, investment letting as well as permanent seaside homes.

Features

5
4
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
4
Kitchens
1
Reception Rooms
2
Studies
1
Furnished
Exterior
Carports / Parkings
3
Security
Yes
Domestic Accommodation
1
Pool
Yes
Sizes
Floor Size
390m²
Land Size
1,022m²
Extras
Accommodation • Air Conditioner • Bar Counter • Basin • Bath • Built in Wardrobes • Bath Toiletand Basin • Coastal Beach • Common Toilet • Alarm System • Covered • A_Frame Loft • Covered Patio • Curtain Rails • Dishwasher Connection • Domestic Bathroom Out Buildings • Double Basin • En Suite • Electric Gate • Granite Tops • Double Parking • Double Bed • King Bed • Driveway • Fan • Freestanding • Holiday Home • Extractor Fan • Totally Fenced • Tiled Floors • Secure Parking • Open Plan Room • Open Plan Special Feature • Oven And Hob • Built In Braai • Patio • Washing Machine Connection • Splash Pool

Ballito Central, Ballito

The town of Ballito was established in the early 1960's starting out as a seaside getaway for fishing holidays. Since then Ballito has grown into a thriving town with major retail outlets and a range of both permanent and holiday vacation properties.  The 2.5 km Ballito Promenade is one of the greatest tourist draws of the Ballito stretching from Willard Beach to Salmon Bay. Located along this promenade is a...
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Macroeconomic Overview & Main Reasons for Selling
How's the market doing? If you are at the coal face of real estate transactions daily, as we are, you would have noticed a shift in the past two months with enquiries on properties down on prior months. When we look at the...
 
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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:

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MONTHLY REPAYMENTS

 

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Monthly Payment

111,167.57

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