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R999,900

Monthly Bond Repayment R10,835.99
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

Calculate Affordability

Monthly Levy
R980
Monthly Rates
R266.0
Sectional Title Levy
R110
Silvermine

Everything you would expect, and more.... Studio, 1, 2 & 3 bedroom apartments

Featuring a state-of-the-art security system which includes biometric access control, full CCTV and a manned security. In addition, access to the development, Conradie Park, is constantly monitored by perimeter surveillance and license plate recognition cameras.

ONLY 2 UNITS LEFT:
1 Bedroom Ground floor from R999 900, 1 Bedroom Second floor from R1 159 900.

Conradie Park is a new mixed-income, mixed-use housing development in Cape Town. The R3-billion, 22-hectare development - a partnership between developers Concor and the Western Cape Government - comprises more than 3 500 homes. It's located near main arterial routes and the Mutual and Thornton railway stations in Pinelands, a Cape Town suburb best known for Mutual Park, the enormous local headquarters of Old Mutual.

With plans for numerous businesses, two affordable private schools, three creches', an aspirational convenient retail centre, business hotel, medical facilities, doggy day-care, town square & community centre a number of pocket-parks and a 22,000m2 linear park with its Saturday morning "Park Run" already plotted, the development is being touted as an 'affordable, sustainable, self-contained town for the future!'

Investment benefits
- Gross rental yields up to 11%
- Rental income projected from R6 800 to R9 300 per month
- Bond and transfer fees included
- Up to 100% bond financing available
- Deduct up to R934 945 against taxable income through Section 13sex tax incentives*
- Buy directly from the developer
- Tenant insurance offered - secure your rental income
- No transfer duty payable
- Property tax strategies offered by IGrow Chartered Accountants
- Company & trust advice and setup through IGrow Trusts
- 3% reservation deposit required (refundable should financing not be approved)

Apartment highlights
- Fibre installed to all units
- Built-in cupboards in bedrooms and kitchen
- Engineerd stone kitchen counter tops
- Washing machine/dishwasher point in kitchen
- Vinyl flooring for low maintenance
- Clever site design with natural lighting
- Centralised, energy efficient, heatpump hot water system
- Hot and cold water meters installed to each apartment
- Pre-paid electricity meters to each apartment
- Modern sanitary finishes
- No allocated parking bays - ample provision made
- Building insurance covered by levy
- Five year NHBRC warranty

Development features
- More than 3 000 properties upon completion
- Two affordable private schools & three creches
- Convenient retail centre & Sports field
- Medical facilities
- Doggy day-care
- Retirement Village with Frail Care facility
- Community centre with number of pocket parks
- Electrified perimeter fencing
- Biometric access controlled with LPR-cameras
- On public transport routes (Mutual Station and future MyCiti)
- High-demand rental area
- Ideal location with easy access to major freeways

Features

1
1
Pets Allowed
Yes
Interior
Bedrooms
1
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Security
Yes
Sizes
Floor Size
35m²
Land Size
35m²
Extras
View of Landmark  • Built-in Wardrobes  • Pets Allowed  • Security  • Available Networked
 
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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

10,835.99

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