Summerville Village Location South Africa Western Cape Kuilsriver Available units    2 Bed 80m2 - 80m2 from 475900 ZAR to 475900 ZAR Delivery date: November 2008 Max rental return: 4% Mortgage calculator Add to shortlist Property ID: 483874          Description Key selling points Only R5000 deposit Bond subsidy of R1500 pm for 12 months Strong rental market Very affordable housing which is in strong demand No transfer or bond registration costs Two bedrooms with a garage   TWO BEDROOM HOUSE FOR ONLY R475900 SECURITY ESTATE BOND SUBSIDY OF R1500 PM FOR 12 MONTHS DEPOSIT OF ONLY R5000 NO TRANSFER OR BOND REGISRATION COSTS We have negotiated an exclusive deal with a developer for only our investors. In the current market conditions it is an opportunity not to be missed as it offers a very sound investment in the affordable housing market which is in high demand. KEY FEATURES Plot and plan two bedroom houses are offered for R475900 in Kuilsriver, Cape Town The whole estate is secured by a perimeter wall and 24 hour security All the plot sizes are about 250 to 280 sq meters The houses are 80 sq meters including a secure carport with a garage door These houses are very competively priced at R5 950 per sq meter. All other developments providing similar units are priced from R7 500 a sq meter and higher An overview of the estate and location is aavailable on request No transfer and bond registration costs payable Deposit payment of only R5000 required Bond subsidy of R1500 pm provided for 12 months Bond repayments will only commence on completion of the houses. The developer carries all the interim interest rate costs from date of registration of the plot up to completion of the house. There is therefore no risk to the investor in the event of delays in the construction of the houses Strong rental market. Just Letting has been appointed to support our investors to secure tenants for their houses. Their rental income CMA and services they provide to investors are available on request CASH FLOW SITUATION AFTER DATE OF REGISTRATION Full Bond Amount                                                 :     R 475 900          Bond Repayment over 30 yrs @ 14% #          :     R     5638  pm     Plus Estimated Levies                                          :     R       150  pm     Total Monthly Costs                                               :     R     5788   pm     Less: Rental income from tenant                 :      R     3000   pm Less:  Bond Subsidy/Rental Assistance           :      R     1500   pm   Out of Pocket Expenses                                       :      R     1288   pm  # Rate not guaranteed To discuss this sound investment opportunity in more detail or to arrange a booking of a unit, please contact me by e-mail or the office contact number below.                  Make an enquiry: TheMoveChannel.com is a property listing platform for estate agents, developers and private owners. For further details of the properties listed on the site, you must register/login and make an enquiry using the form that will appear on this page. Your enquiry email will then be sent directly to the person or company responsible for listing the property. Click here to register Email: Password: (forgot your password?) Loyalty bonus: minimum £25 from TheMoveChannel.com on completion when you buy this property. Click here for details of our loyalty scheme                 Get emails featuring more properties like this! Properties like this regularly feature in email newsletters that you are not signed up to. Opt in to receive newsletters by checking any relevant boxes below: Enter your Email:  South Africa News Global Investment Overseas Showcase