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R2,850,000

2 WESSELS STREET

Monthly Bond Repayment R29,417.37
Calculated over 20 years at 11% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Rates
R3,297

INVESTMENT OPPORTUNITY

Discover a Unique Investment Opportunity!

Situated on a spacious 1548 sqm corner plot, this extraordinary property currently generates a monthly income of R32,550—with even more room for growth. Whether you’re an astute investor or looking for a multi-generation family home, the features of this home promise both impressive returns and versatile living spaces.

Main House & Flatlets: The primary residence has a lounge, a kitchen, and three well-appointed bathrooms. Additionally, two separate flatlets each offer a private bedroom, kitchen, and lounge area, providing ideal self-contained living spaces that boost the overall income potential.

An independent cottage has its own entrance. This self-sufficient unit comes complete with two bedrooms, two bathrooms, a stylish kitchen, and a comfortable lounge. Enjoy the private garden and an attached garage—a space that can serve as a guest haven or an additional rental opportunity.

The property’s location is a standout feature. Its strategic position means you’re investing not only in a current income stream but also in a future of potential growth. With a layout that supports multiple tenants and ideal for rental diversification, it’s a promising asset in today’s competitive market.
1.5km to the Beach
808m to Pearson High School
2km to Humewood Golf Course

Opportunities like this don't come around often. To explore every facet of what this property has to offer, call Jenny or Morne to arrange your private viewing.

All viewings will be conducted following industry protocols, ensuring a smooth and professional process.

Features

10
5
1
Interior
Bedrooms
10
Bathrooms
5
Kitchens
3
Reception Rooms
5
Exterior
Garages
1
Carports / Parkings
2
Sizes
Floor Size
409m²
Land Size
1,548m²

Summerstrand, Port Elizabeth

Background and Historical Information of the Area Port Elizabeth, often referred to as "PE," is one of South Africa's major coastal cities, and it has a rich history dating back to the early 19th century. Port Elizabeth has been renamed to "Gqeberha" in February 2021, however, it is also known as "the Friendly City" or "The Windy City". Port Elizabeth was founded in 1820 by Sir Rufane Donkin, who named the...
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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

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

29,417.37

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