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R500,000

18 Coral Street, Erf 5760

Monthly Bond Repayment R4,991.90
Calculated over 20 years at 10.5% with no deposit. Change Assumptions

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Monthly Rates
R1,659

LEVEL PLOT OF LAND, READY FOR YOUR BUILD

This prime vacant site in Belgate, Tongaat offers an excellent investment opportunity. With approved plans for a stylish four-unit, two-bedroom apartment block, developers can start building immediately without delays. Elevated above road level, the property ensures privacy, security, and scenic outlooks, making it the perfect opportunity to unlock value and potential.

The location is ideal—close to reputable schools, public transport, hospitals, and shopping centres. This makes it highly attractive to families, professionals, and retirees alike. Tongaat’s growth and proximity to King Shaka International Airport and Durban’s economic hubs further add to the value of this development.
The approved designs feature four modern apartments, each with two bedrooms, a living area, kitchen, and bathroom—appealing to current market needs. With rising demand for quality yet affordable housing in the area, this project has strong potential for steady rental income or profitable resale.

Beyond development, the property’s location in Belgate offers long-term value. The neighbourhood is peaceful and family-friendly while still close to essential services. Public transport and key routes ensure easy connectivity, making it a convenient place to live. Its above-road position also improves drainage, security, and airflow, adding to its desirability.

 
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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

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Monthly Payment

4,991.90

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