370 m² Land available in Olifantsfontein

R 495 000

Niran Adenigba

Vartrust Property Brokers-Vartrust Real Estate

Justine Plogvall

Vartrust Property Brokers-Vartrust Real Estate

370 m² Land available in Olifantsfontein

R 495 000

8 aluminium drive
Can I afford this?
Land Area 370 m²
Rates R 534
Levy R 600

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

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Niran Adenigba

Niran

Adenigba

Justine Plogvall

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Plogvall

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Experience Midrand

Midrand, also known as the Halfway House, was established as a municipality in 1981. It is a very vibrant, accessible area that is growing at a rapid rate. Families flock to the area to take advantage of the laid back lifestyle and variety of amenities. There is plenty of employment nearby, with many large businesses taking advantage of Midrand's convenient location between big cities. Vodacom, Cell C, Neotel, Altech Autopage and many more large companies have offices situated here, and with its growing residential areas this is one of the up and coming areas in South Africa.

Find out more about Midrand

370 m² Land available in Olifantsfontein

R 495 000

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