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R495,000

Monthly Bond Repayment R4,859.13
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R600
Monthly Rates
R534

Affordable Stand and build your dream home!

This truly unique estate is nestled between Centurion and Midrand on the banks of a picturesque stream. With beautiful landscaped parks, walking trails throughout the estate, an outdoor gym, jungle gyms, for the little ones and a mini soccer pitch for resident to enjoy, families will love spending just as much time outside their homes as inside.
State of the art access control, 24-hours patrolling guards and a 2.4m high security wall with electric fencing will ensure residents peace of mind.

Price: R495 000.00
Erf No: 2184
Stand No: 3
Size: 370 m2

Frequently asked questions

1. When can I start building?

If its purely a stand that's sold, only the following:
Purchase price (cash/guarantees)
Transfer & bond cost are paid

2. What needs to be in place before I can start building?

Suspensive conditions of the agreement are met, purchase price secured, signed with attorneys, FICA etc.
Building plan approval and fees paid (PESHOA: architect, engineer & Ekurhuleni);
Sidewalk deposit.
NHBRC enrolment;
Water- & electrical- connections paid.

3. Can I use my own bond originator or can I do my own finance?
No Only if its cash!

4. By when do I have to start building?
You need to build within 2 years from date of registration/transfer of ownership

5. What happens if I dont?
You get penalized with R1000 per month, which is added to your levy account.

6. May I use my own builders and architect?
Yes, Architects (drawings to be evaluated and approved by PSEHOA aesthetics committee) and builder (need to be registered with NHBRC)

7. What service will be offered?
Fully serviced stands
Secure estate walled in with electric fence, security access control with patrolling guards
Walking trail and outdoor gym

8. Do I get my deposit back if the finance was unsuccessful?
Yes, you get the full amount back ONLY if the bond was declined. *

Minimum qualifying income:
Stand Price: R495 000 Qualifying income: R14500
40% Deposit payable: R198 000

Bond installment calculator:
R495 000.00 - R198 000.00 = R297 000.00
Installment: R4 348

Legal Fees:
Attorney & Transfer fees: Cash = R11 000
Finance: Transfer + Bond = R17 000

Levies:
R600.00
Start paying from registration

Rates & Taxes:
Start paying from registration
Value of land - R200 000 x 0.03664 / 12*
i.e. R495 000 - R200 000 x 0.03664 / 12* = R900 (Average)


Documents required for bank submission (Bond)
40% Deposit
ID Copy
3 Months Payslips
6 Months Bank Statement
Signed consent to perform credit check
Signed OTP
Signed SDP & Price list
Signed application / info sheet

On Show

Every Saturday.
Directions

8 Aluminium drive

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Disclaimer: While every effort will be made to ensure that the information contained within the Vartrust website is accurate and up to date, Vartrust makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Vat @ 14%
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Exclusive Use
Fica
Deeds Office Search
Electronic Document Preparation
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
Vat 14%
Deeds Office Levy
Postage and Petties
Insurance Certificate
Bank Electronic Connection Fee
NCA Fee
Electronic Document Preperation
TOTAL:
GRAND TOTAL:

Income

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Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

4,859.13

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