KwaZulu-Natal. 2 Bed 1 Bath Apartments From R 538 500
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The town of Newcastle in Northern KwaZulu-Natal has seen an injection of capital investment over the past several years, with major retail development, the recommencement of key road infrastructure projects and a significant increase in confidence among residential property developers and investors.
Curro has also erected a ‘Meridian’ school, which is already up and running – offering scholars, a private school education at an affordable price. Both schools incorporate a pre-primary phase and offer education from grade 0 to matric.
Property for sale in Newcastle caters to families and retirees who’re looking to enjoy quiet living as well as professionals wanting to make the most of the town’s industrial potential.
- Security estate
- Kids play park
- High rental demand
- Cashflow positive from day 1
- Right opposite the Curro Meridian School
2 Bed 1 Bath – R 538 500
|Purchase Price* (minus R 10 000 Deposit):||R 528 500|
|Monthly Bond Repayment @ 9% Prime:||R 4 252|
|Monthly Levies (Included for 12 months):||R 973|
|Monthly Rates & Taxes:||R 200|
|Monthly Rental Income:||R 4 000|
|Monthly Shortfall:||R 452|