Property360 - National Digital Magazine - 24 June 2022

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PROPERTY

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FIRST-TIME HOME BUYER EDITION

HOW TO MAKE IT HAPPEN PAGE 3

PICTURE:PAVEL DANILYUK / PEXELS

BUY YOUR OWN HOME

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BUYING a home may be easier than many young couples think.

PICTURE: TOA HEFTIBA/UNSPLASH

Young couples, you can buy your own home – all it takes is common sense Many dream of buying property but believe they won’t be able to afford the monthly instalments

BY BONNY FOURIE bronwyn.fourie@inl.co.za

E

VEN without children and their related expenses, young couples worry about having their home loan application declined and feel that, with the rising costs of living, they will not be able to meet the bond repayments.

But this might not be the case.

A problem, however, says property investor Ben Malapile, is that young people think they need millions to buy a property, and so choose to buy cars instead, not knowing that the car instalment could be used to pay the monthly instalment on a home.

“Those cars that the youth buy lose value the moment they are driven off the showroom floor and can be stolen or hijacked, especially with the high crime rate in the country. Property, though, when bought right, will double in value in 10 years.

“The same hijackers can break into your house and take your personal belongings but they can never steal that property from you.

It will always be yours.”

Many young couples who do not have children – and so have a little more leeway with their money – can become property owners, but they do not believe they can afford it.

And there are many reasons why.

Some of the misconceptions, and advice from property experts: We cannot afford to buy in the area we want to It is always important to consider all factors before deciding which property, or in which area, to buy, advises Leonard Kondowe, the finance manager for the Rawson Property Group. This includes your lifestyle and affordability level.

If you cannot afford to buy in your area of choice but want to get a

foot on the property ladder, you should consider purchasing a home in an equally good area that is in line with your affordability – as long as the area presents medium to long-term property value appreciation.

“Should your chosen property appreciate and your financial position improve, you can then consider your dream area with proceeds from the sale of existing property as a deposit.”

Carl Coetzee, the chief executive of BetterBond, says that alternatively, if you have your heart set on a particular area, you could opt for a development that wouldn’t require the payment of transfer duties. Or maybe you need to modify your expectations and buy a smaller home that you can afford, with an eye to upscaling when you are financially able to do so.

“Or it may be that a fixer-upper is within your budget. Shop around and work with a reputable real estate agent who can source the most suitable properties for your needs and pocket.”

We do not know what we can afford in the eyes of the banks Malapile explains that if buying as a couple, your gross salaries will be totalled and 30% of the combined gross income will be the monthly instalment you qualify for under the National Credit Act. “For example, if you earn R15 000 each and your combined gross is R30 000, then the maximum monthly instalment you can pay is R10 000 per month. With R10 000 per month, you can buy a property for about R1 million.”

However, if properties in the area you want to live in cost R2m, then you have three options, he says: 1. Wait and save before making a move.

2. Rent in the area. This allows you to live there while you save for a deposit.

3. Rent to buy. This means you can rent it today for a year or two, with the first option to buy.

Kondowe says your agent will most probably suggest that you get a pre-qualification certificate to determine your affordability. This will also give you an idea of the type of property you can buy and the size of bond you can apply for.

“A deposit is also always good to have, so at least you will know exactly what your course of action will be in terms of finance in order to purchase the property.”

We are struggling to save for a deposit as the cost of living rockets Malapile says the fastest way to save for a deposit and transfer costs is to keep your expenses low by staying with parents while you accumulate savings. But not all couples have this luxury, so they have to find other ways to save.

“Couples should open a separate savings account or 32-day notice account. Every month, they put a portion of their salaries in that account. If they get a bonus every year, they should try putting 100% of that bonus towards the savings to accelerate the growth.

“Within one or two years, you would have saved a significant amount of money.”

This does not mean that you should starve yourselves.

“You should develop a reward system for your savings. Once you reach a milestone, you should celebrate it. This way you also get to enjoy the journey towards the purchase and not associate the purchase with hunger and starvation.”

As hard as it is to have sufficient

funds to use as a deposit, it does play a favourable part when banks are considering your interest rates, Kondowe explains.

“Mortgage loans with lower loan-to-values percentages often attract better rate concessions. Of course, each client may present different risks to the banks and rates are individualised, dependent on the overall risk profile presented by the applicant.”

When it comes to saving, every individual circumstance is different and therefore it can never be a onesize-fits-all approach.

He says, however, it is often advisable to settle and close small loans with high-interest rates first as this might assist in increasing your disposable income.

Coetzee says there are many advantages to putting down a deposit, so it is worth taking the time to save at least the equivalent of 10% of the anticipated purchase price.

“A deposit will greatly improve your chance of getting your bond approved. It also indicates to the seller that you are a serious buyer and they are more likely to negotiate the selling price with you.”

A deposit of at least 10% will reduce the gross household income required to qualify for the bond, and it will also reduce the monthly bond repayment, which will make your home more affordable and reduce your annual household expenditure.

“As an example, on a R2m bond at the current prime lending rate of 8.25%, the monthly bond repayments will be R17 041. But if you are able to pay a 10% deposit, the monthly bond repayments will drop by just over R1 700, to R15 337.”

To start saving for a deposit, he says, you should work out a monthly budget with a clear indication of expenses and household income.

“Use one of BetterBond’s calculators, such as the deposit savings calculator, to work out how much you need to save, and for how long, to put together a deposit

on a home. You could also create a separate savings account for your deposit, so you won’t be tempted to spend it on other expenses.

Set a clear goal – a deposit of at least 10% of the purchase price is recommended.”

If we do not have a deposit, can we get a home loan?

If you have not saved up for a deposit, there are other ways to apply for a home loan, Coetzee says.

“South Africa’s main banks offer a range of loan products that include bonds of as much as 110% for professionals younger than 35, so affordability need not be an obstacle. A loan of up to 110% makes it possible to buy a home without having a deposit…

However, it is important to note that buyers making use of these 100%+ loans will have higher monthly bond repayments.”

Kondowe agrees, saying that banks do grant up to 100% loans, with some even granting up to 105% of the purchase price to qualifying buyers. The 5% is used towards bond registration costs.

Echoing this, Malapile says you do not need a deposit to buy a property; you just need to be able to afford it under the National Credit Act. “Even if you have a huge deposit to put into a property, I’d suggest you apply for a 100% home loan and open an access bond facility (each bank calls it something different), and then put that deposit in the facility.

“This will help reduce the interest you are paying significantly and the best part is that you always have access to those funds. So, after a few years when the family has grown and you want a bigger house, you can use the money in the access facility to pay for the new bigger home.”

He warns, however, that just because no deposit is required does not mean you get a bond and move into your new home. Other costs need to be paid, such as transfer fees and bond registration.

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MANY young people remain in their rented homes because they wrongly believe they cannot afford to buy their own. PICTURE: RODNAE PRODUCTIONS

Why be a tenant when you can be a

homeowner?

Tips on how to make the move to get your foot on the property ladder

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ANY young people live in rented homes, paying their landlords’ bonds because they don’t think they can afford their own homes.

But often, they actually can.

If this is you, then the first step you need to take to get on the property ladder is to change your mindset. After this, you need to establish whether you can afford to buy a property and will be granted a home loan.

Renting is not necessarily the safer option Cobus Odendaal, the chief executive for Lew Geffen Sotheby’s International Realty in Johannesburg and Randburg, says it is a widely believed perception, especially among young people, that it’s too expensive to own a home and they cannot afford it; they believe it’s safer to rent because of the relatively short notice period it takes to move.

“Nothing is, however, further from the truth. Owning a home opens many doors regarding credibility and directly refers to a much more stable individual.”

If you are at the point where you are wondering whether you can buy a property, he says you should sit down with a reputable property consultant and/or your financial guru and get an informed opinion on your individual circumstances.

“If this route is followed, there’s no reason why you should burn your fingers by means of over-exposure or by making an irresponsible, uninformed, or emotional decision.”

Echoing this, Paul Stevens, the chief executive of Just Property, says the best way to change one’s mind about anything is to see the opportunity and the means to achieve it.

FIND US HERE: @iolproperty @iolproperty @iolproperty.co.za

“For example, few people can simply get off the couch and run a 21km. We need the desire to get moving, a training plan, a partner to hold us accountable, a way of tracking our progress, and an event to commit to. It’s the same with property ownership.”

Ultimately, you need to have the desire to become a homeowner instead of staying a tenant.

“There are pros and cons when it comes to both renting and owning a house. Placing advantages and disadvantages alongside each other can help you to decide which carries more weight for you right now.”

Set up a plan of action If owning a home has always seemed like a faraway dream, it doesn’t have to be, he says.

“The first step in any home ownership journey is to get financially ready. That means saving a fixed amount each month so that you know you have the means to commit to bond repayments.

“I’ve always seen property as one of the best ways to create wealth.

There certainly are opportunities out there right now, and if you’re young or don’t have the capital to take advantage, co-buying, a buying partnership, or a syndicate can help you get a foot on the property ladder.”

Planning ahead is vital, agrees Jackie Smith, the head of product management for ooba Home Loans.

The first thing you need to do if you want to buy a home is find a bond originator that can guide you throughout your journey to homeownership.

“From the get-go, you will be advised to start by getting your finances in order: find out what your credit score is and, if it’s below 620, we can help guide you through

the process of improving it. Do your research on the area you would like to buy into and calculate your affordability using our free online bond indicator to get a better idea of your budget.”

Once you have these elements in place, you can start putting money aside for a deposit and the extra costs involved in buying a home. And then once your finances are in order, you can request a free pre-qualification which will give you a better idea of what you can realistically afford before you start shopping around.

“This also boosts your chances of being approved.”

Common misconceptions you may have Smith says many young people who are new to the world of property mistakenly believe that if they want to apply for a home loan, they should go straight to their own bank. After all, if you’re a client, the bank will be more likely to approve your loan and give you a good interest rate, right? Wrong, she says.

“Each bank has its own criteria when approving loan applications and your status as a client does not make a difference to this. You actually have the best chance of success using a bond originator.

We will send your application to multiple banks and negotiate the best deal in terms of interest rates.”

A small reduction in the interest rate that you receive can lead to lots of savings in the long-term.

Many prospective homeowners also believe that it is cheaper to rent than to buy when, in reality, the instalments on a one-bedroom flat are often less than what you would be paying to rent the same flat.

Stevens agrees: “Buying may not always be more expensive monthon-month than renting. Look at the

BY BONNY FOURIE bronwyn.fourie@inl.co.za

buying options as the area, type of property, and financing all affect what a buyer needs to outlay.”

Furthermore, Smith says, “you are making a savvy investment in your future by paying off your own bond rather than someone else’s”.

As a young buyer, she says, you must ensure that you are informed about the intricacies of buying a home in South Africa before starting the process. If not, you risk spending more money than you need to or having your application rejected because you don’t have all the necessary paperwork.

Is now a good time to move from being a tenant to a homeowner Odendaal says it is also widely perceived that the market is volatile and difficult to enter in the current environment. However, while the market has been better, this is also the time when there is a better chance that the right property will come at the right price.

“Conditions like we’re experiencing now, point to a buyers’ market which allows for lower prices achieved in most areas.

“It is important though to be cautious and have a 10% to 15% buffer built into your comfortable repayment ability.

“Following sound advice will put you in a favourable position, given current market conditions.”

Property, like all investments, is cyclical, Stevens says, explaining that there are good years and not-sogood years.

“The ‘70s, ‘80s and ‘90s were volatile years, and the early 2000s saw a Rainbow Nation run of seven years where house price growth was over 15%. Then came the 2008 recession, and 2009 saw negative growth.

“Since then, the South African property market has wobbled along

at a low average rate of growth.

“Lightstone’s Residential Property Index for March reports that national year-on-year house price inflation is at 4.51%, having decreased consistently since early 2021.”

He acknowledges that “we are in challenging economic and political times”, but that this is not only the case in South Africa as “we are heading towards a worldwide recession”.

He cites a popular Chinese proverb: “The best time to plant a tree was 20 years ago. The second best time is now.”

In the context of the conversation, this means that if you want success and growth in the future, the best time to act is now.

“But it is best to act conservatively; start with a small investment, invest with others, or buy a property with space(s) that you can rent out to spread your risk.”

Smith believes “it is certainly a good time to buy”. ooba’s latest data for Q1 of 2022 indicates that the banks are making home loan finance more accessible and affordable.

“The current record low deposit requirements, attractive interest rate discounts, and cost-inclusive loans, create an ideal environment for aspirant home buyers.

“Adding to this, banks are responding well to the increasing demand for ‘no deposit’ loans, with an approval rate of 82% in Q1 22 in this segment, up on Q1 21’s approval rate of just under 81%.”

The data also shows that 64% of applications processed during the first three months of 2022 were from homebuyers who required financing for the full purchase price – a 5% increase on the same period last year.

DISCLAIMER: The publisher and editor of this magazine give no warranties, guarantees or assurances and make no representations regarding any goods or services advertised within this edition. Copyright ANA Publishing. All rights reserved. No portion of this publication may be reproduced in any form without prior written consent from ANA Publishing. The publishers are not responsible for any unsolicited material.

Publisher Vasantha Angamuthu vasantha@africannewsagency.com Executive editor Vivian Warby vivian.warby@inl.co.za Features Writer Bonny Fourie bronwyn.fourie@inl.co.za Design Kim Stone kim.stone@inl.co.za

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P R O P E R T Y THE FLISP subsidy can be used as a deposit to increase the purchase price, reduce e home loan or cover extra costs such as transfer fees. PICTURE: ANDREA PIACQUADIO/PEXELS

Young South Africans are defying rising living costs and buying their first homes BY BONNY FOURIE bronwyn.fourie@inl.co.za

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BUYING YOUR FIRST HOME? DON’T FORGET ABOUT FLISP

N E W S

ISING interest rates, fuel prices and the cost of living might be deterring many aspiring home owners from taking the plunge and buying property, but favourable bank lending is said to be in their favour.

Interest rates are also elatively low, despite the hikes.

Comcorp Mortgage Software data for May shows that 71.3% of property buyers were first-timers, a figure that is almost identical to the 71.32% in May 2021. The average age of first-time bond applicants was 37 and the average approved loan-to-value ratio was 90%.

The statistics also show that the average purchase price for first-time buyers was R940 232, with the average deposit being R101 160 in May 2021. The figures were R936 827 and R97 083 respectively. The prime lending rate a year ago was, however, 7% compared to May 2022’s 8.25%.

First-time property buyers continue to

dominate activity in the residential market despite recent interest rate hikes, says Samuel Seeff, the chairperson of the Seeff Property Group, explaining that this is being driven by the “favourable mortgage lending climate and low interest rate which, despite the 125bps hikes this year, remains well below the pre-pandemic level”.

He says the levels of buying among people under 35 years old, as reflected in the Deeds Office data, remains high, with the buyers comprising more than a third of activity of the past year in the metros and big cities.

“This includes Johannesburg (33%), Soweto (27%), East Rand (56%), Pretoria (34%), Cape Town (32%), Durban (31%), Gqeberha (30%), and Bloemfontein (35%).”

Home loan approvals, Seeff says, are at “the fastest rates in over a decade”, and deposit requirements are now down to around 6% to 7% as the banks compete fiercely for a slice of the

home loans market.

He adds that first-time buyers are able to secure 100% bonds plus costs in many instances and that this has been “an enormous benefit”.

Nick Pearson, the chief executive of Tyson Properties, says the positive price bands are at the top and bottom ends of the market, with first-time buyers “propping up the market and creating the perfect supply demand scenario”.

Properties priced at around R1.2 million, which are the ones the average South African buyer can afford, are selling quickly.

“We’ve had good results coming out of Johannesburg this year. It is probably the most stable market when it comes to properties priced between R1.2m and R3m. We are seeing a huge amount of first-time buyers in this market.

“We’ve seen semigration as people move from the suburbs to estates with the emerging buyers of yesteryear becoming repeat buyers who are now purchasing these larger properties.”

FIRST-TIME buyers are often faced with the hard task of saving for a deposit to put down on their first home.

But a change on April 1, may help, says Meyer de Waal of MDW Inc. “Buyers can now use their Finance Linked Individual Subsidy Programme (Flisp) subsidies for a deposit, or pay for the legal fees when buying a property. This is available to all firsttime buyers who earn a gross income of between R3 501 and R22 000 per month and meet the Flisp qualifying criteria.”

The subsidy can be used as a deposit to increase the purchase price or reduce the home loan to be applied for.

It can also be used to pay the legal transfer and bond registration fees.

“First-time buyers want to know where they stand to qualify for a subsidy before they go out house-hunting. They want the comfort of knowing exactly what one can qualify for and how to apply the Flisp subsidy to structure their finances, whether they use it as a deposit or as legal fees.”

Click here to be directed to the online Flisp calculator and a free service to assist with the entire process.

DATA shows that the number of first-time property buyers in May 2022 was the same as May 2021. PICTURE: RODNAE PRODUCTIONS/PEXELS

THE DECISION-MAKING PROCESS WHEN BUYING YOUR FIRST HOME DO YOUR research before signing that sales agreement. Here’s what to consider PICTURE: ANETE LUSINA/PEXELS

WHEN purchasing a residential property, whether for your own use or as an investment, you need do a due-diligence exercise before signing a sales agreement, advises Roper & Associates.

This includes: 1. A physical audit Identify all the positive and negative features/characteristics of

the property, including: • Gourmet kitchen/dysfunctional kitchen.

• Sea views/poor outlook.

• Tasteful internal decor/pink and purple walls.

You should then separate this list into three groups: Group A – Likes/advantageous features.

Group B – Dislikes, repairs and renovations, necessary extensions.

All are possible with the necessary spend (you are in control).

Group C – Dislikes, disadvantages, annoyances, functional and economic obsolescence that no amount of money will improve/ repair/replace (you are not in control). This group is the most

important one and possibly the game-changer in that it is the main contributor in whether the value of your property appreciates or depreciates. The features include: • Building orientation – northfacing is best.

• Stormwater control – avoid being below road level.

• Avoid abundant/high embankments; and retaining walls, especially on boundaries shared with unco-operative neighbours.

• Avoid noise and visual pollution, such as opposite a school or on busy/steep roads.

2. Legal audit Identify the limitation of your “real rights” on the property by researching/obtaining: • Title deeds and the surveyorgeneral’s diagram that shows: 1. Servitudes (that is below ground pipelines and so on).

2. Road reserves.

3. Legislated restrictions – usage.

4, Conservation areas.

5. Water rights.

• Town planning controls – maximum allowable development of: 1. Building/ floor area.

2. Height.

3. Building lines.

4. Usage (see websites of municipalities, conservation of land – DMOSS, and conservation of buildings – AMAFA).

5. Local authority-approved architectural plans.

6. Encroachments (by the neighbours or affecting the neighbours).

7. Body Corporate/ Home Owners Association rules and regulations including: – That sectional title plans are up to date.

– Security of tenure over exclusive use, parking bays, storage, gardens, and so on.

– Copies of Body Corporate minutes of meetings.

3. Financial audit • Municipal rates – arrears or overvalued (high rates).

• Body corporate levies – arrears or anticipated special levies (due to inadequate financial planning) – obtain body corporate financials.

• Body corporate financial status (savings fund) – competent management.

Roper & Associates says you need to make property purchasing decisions based on sound, logical research as opposed to emotional impulse.

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5 PICTURE: NATHAN DUMLAO/UNSPLASH

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Security Complex above Ecklenberg in Large pretty Security Main Road.

Large OneComplex Bedroomed pied-à-terre Apartment garden setting.

Spacious Three Bedroomed with Lounge and Balcony & Stunning Three Bedroomed Apartment (127m²) Apartment (200m²) with Stunning Mountain Mountain Views.

24HR Security Shareblock with mountain views.

Fitted Kitchen and Views.*Kitchen, Room, Sun Room, Two Complex.

FittedDining Kitchen.

Shower Bathroom.

Lounge with Balcony. *Plus Garage. *Close Full Bathrooms, TV Lounge & Laundry Room. **Garage. **Catering & Cleaning Services. to UCT,toSchools, ShopsTheatre Transport. *Tandem Garage. *Close toand Shops & Transport. **Walk Shops, Baxter and Library!

CONTACT: RHONDA C: 448 082 7795 448 7795 0212212 685 2212 E: rrpsales@mweb.co.za / www.rhondaraadproperties.co.za CONTACT: RHONDA C: 082 T: 021T:685 E: RRPSALES@MWEB.CO.ZA / WWW.RHONDARAADPROPERTIES.CO.ZA

TRYUS! YOU MIGHT

NEVER

CONSIDER A BANK AGAIN

Instead of talking to your bank, perhaps it’s time to talk to SA’s only independent specialist home loan provider. There are some things that only a dedicated home loan provider can offer. Like focusing on home finance products and being able to take time to fully assess your requirements, making sure your application has the best chance of success. Our expert consultants will take the stress out of the process, guiding you each step of the way with personalised service and regular feedback.

So if you’re thinking about home finance, contact us and get the dedicated service you deserve.

KENILWORTH T: 021 514 8222 E: Kenilworth@sahomeloans.com Terms and conditions apply. Refer to our website for further details. SA Home Loans is a registered credit provider. Registration number NCRCP1735.

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32 RESIDENTIAL PROPERTIES ON AUCTION - 07 JULY 2022

JUSTIN | 083 391 0215

3 BEDROOM HOUSE Corner of Prospect & Market Street, Peddie Extent: ± 727 m² | 3 Bedrooms | Bathroom | Kitchen | Lounge | Double garage

JUSTIN | 083 391 0215

3 BEDROOM HOUSE IN BUTTERWORTH 30 Ries Avenue, Butterworth Extent: ± 1 062 m² | 3 Bedrooms | Kitchen | Lounge | Dining room | Study | Bathroom | Garage

JUSTIN | 083 391 0215

2 X ± 392 M² VACANT STANDS IN BUTTERWORTH Erf 6498 & 6499, Ext 24, Butterworth Sold individually or combined

JUSTIN | 083 391 0215

± 281 M² HOUSE IN QUEENSTOWN 9 Winterberg Street, Queenstown Total Combined Extent: ± 1 190 m² | 3 Bedrooms | 1 Bathroom | Lounge | Kitchen | Outbuilding/shed | Single garage

JUSTIN | 083 391 0215

JUSTIN | 083 391 0215

± 1 645 M² HOUSE 40 Carnegie Street, Butterworth Dwelling: ± 179 m² | Garage: ± 46 m² | GBA: ± 225 m² | 3 Bedrooms | 2 Bathrooms | Outbuilding

2 X ± 413 M² VACANT STANDS IN BUTTERWORTH Maritz Street, Tanga, Butterworth Sold individually or combined

JUSTIN | 083 391 0215

4 BEDROOM HOUSE 8 Ries Avenue, Butterworth Extent: ± 1 050 m² | 4 Bedrooms 2 Bathrooms | Lounge | Dining room | Kitchen | Double garage

JUSTIN | 083 391 0215

3 BEDROOM HOUSE 12 Henley Street, Butterworth Extent: ± 1 117 m² | 3 Bedrooms including master ensuite | Lounge | Dining room | Kitchen | Laundry | Additional 1 Bedroom flatlet attached

JUSTIN | 083 391 0215

3 BEDROOM HOUSE IN BUTTERWORTH 8 Restom Avenue, Butterworth Extent: ± 1 050 m² | 3 Bedrooms | Kitchen | 2 Bathrooms | Double garage

JUSTIN | 083 391 0215

JUSTIN | 083 391 0215

3 BEDROOM HOUSE 53 Restom Avenue, Butterworth Extent: ± 1 337 m² | Dwelling: ± 138m2 | 3 Bedrooms | 2 Bathrooms | Lounge | Dining room | Kitchen | Garage | Domestic quarters

3 BEDROOM HOUSE 41 Carnegie Street, Butterworth Extent: ± 1 305 m² | 3 Bedrooms with BIC | Kitchen | Lounge | Dining room | 1 Bathroom Separate toilet & shower Single garage

JUSTIN | 083 391 0215

JUSTIN | 083 391 0215

3 BEDROOM HOUSE 34 Restom Avenue, Butterworth Extent: ± 1 145 m² | GBA: ± 230 m2 | 3 Bedrooms | 2 Bathrooms | Lounge | Dining room | Kitchen | Single garage | Outbuilding

± 1 157 M² VACANT STAND IN BUTTERWORTH Ries Avenue, Butterworth

JUSTIN | 083 391 0215

SINGLE RESIDENTIAL HOUSE ON RIES AVENUE 41 Ries Avenue, Butterworth Extent: ± 1 260 m² | Main Dwelling GBA: ± 145 m² | Garage: ± 49 m²

BRAD | 071 346 0159

± 380 M² VACANT LAND IN ROSEWOOD Rosewood Street, Hillcrest, Mthatha

BRAD | 071 346 0159

JUSTIN | 083 391 0215

± 1 729 M² HOUSE 65 Ries Avenue, Butterworth GBA: ± 245 m2 | Single garage | 3 Bedrooms | Bathroom | Kitchen | Lounge

JUSTIN | 083 391 0215

± 1 334 M² HOUSE 2 Louw Avenue, Butterworth Dwelling: ± 96 m² | Garage: ± 47 m² | Outbuilding | Carport

12 X RESIDENTIAL VACANT STANDS ON YELLOWWOOD STREET Erf 13787 - 13798 Mthatha Ext 13 Sold individually or combined

BRAD | 071 346 0159

4 BEDROOM HOUSE IN MTHATHA 14 Orchid Street, Mthatha Extent: ± 1 454 m² | 4 Bedrooms | 2 Bathrooms | Lounge | Dining room | Kitchen | Double garage

Auction Date & Time: 07 July 2022 | 11h00 | Auction Venue: The Butterworth Country Club, 32 Stanford Street, Butterworth | Terms: R25 000 refundable registration deposit.

Strictly by EFT. FICA Documents are required | Auctioneer: Andrew Miller

17 PROPERTIES ON AUCTION - 20 JULY 2022 DECEASED ESTATE

ALAN | 082 445 5048

± 215 HA SUGARCANE FARM ± 20km on the Otto’s Bluff Road off Dr Chota Motala Road, PMB Total Extent: ± 215 Ha | ± 127 Ha Sugarcane | ± 38 Ha Dryland maize | ± 50 Ha Grazing | Improvements include: farmhouse, workshop, sheds

VIREND | 071 383 1735

COMMERCIAL INVESTMENT OPPORTUNITY 12 Burlington Drive, Shallcross Site Extent: ± 4 200 m² | Inclusive of Development Land: ± 1 200 m² | Gross Annual Income: ± R1.1 Million | 6 x Mini factories/Workshops & 5 Apartments

POWER OF ATTORNEY

LUKE | 071 351 8138

± 33.4 HA DEVELOPMENT SITE ON N3 HIGHWAY WITH 19 HA CONSERVATION AREA Mpushini Business Park, Lynnfield Park ± 33.4 Ha Development park known as Mpushini Business Park | Mixed use development opportunity | Bulk services have been secured | Prime N3 visibility

VIREND | 071 383 1735

± 5 000 M² INDUSTRIAL WAREHOUSES 269-271 Chamberlain Road & 58 Lawley Street, Jacobs Site Extent: ± 7 300 m² | 3 Warehouse Facilities (± 1 900 m²; ± 1 700 m² & ± 1 400 m²) | 2 Road frontages | Close proximity to Port

TOM | 083 636 7800

PRODUCTIVE TIMBER FARMS ± 2km from Donnybrook off the R612 along the P283, Donnybrook, KZN Total Extent: ± 584 Ha | 3 Portions (±113 ha, ±147 ha, and ± 324 ha) | ± 249 Ha of Eucalyptus ±109 Ha of Pinus | Impressive Mean Annual Increments (MAI’s) 30+

POWER OF ATTORNEY

ER

PET

LUKE | 071 351 8138

2 X NEAT OFFICES IN SECURE OFFICE ESTATE Section 12 & 13 Oxford, 154 Zastron Street, Westdene, Bloemfontein Secure office estate | Two units available | Both units ± 79m² | Secure Parking on site

TOM | 083 636 7800

± 21 HA COFFEE FARM ON THE SOUTH COAST ± 5km from Port Edward on the Izingolweni Road, South Coast Established coffee trees | Coffee shop and cafe | Walking trails | Kids play zone

MUHAMMAD | 079 458 4256

WELL LOCATED OFFICE BUILDING 56 Adrain Road, Windermere, Durban Extent: ± 954 m² | GBA: ± 328 m² | Onsite Parking for ± 5 vehicles | ± 250 m off Umgeni Road

VIREND | 071 383 1735

INVESTMENT OR END USER COMMERCIAL PROPERTY 40 Esther Roberts (Frere) Road, Glenwood Site Extent: ± 845 m² | GBA: ± 330 m² | Potential for 5 or more business tenants | Sold vacant occupation

ROSS | 082 923 9277

DEVELOPMENT OPPORTUNITY 6 Gerhard Street, Sandown, Sandton Extent: ± 4 151 m² | Bulk: ± 2 905.7 m² | Zoning: Residential 2 | 6 Dwelling opportunities for the site

AD

RO

MUHAMMAD | 079 458 4256

± 2 300 M² INDUSTRIAL LAND ALONGSIDE N2 FREEWAY 239-241 Peter Road, Springfield Park, Durban Site Extent: ± 2 319 m² | Flat Industrial land | Sold vacant occupation

ST AUGUSTINE’S HOSPITAL

N HELE OAD

PH R

JOSE

MUHAMMAD | 079 458 4256

± 1 130 M² DEVELOPMENT SITE OPPOSITE ST AUGUSTINE’S HOSPITAL 303-307 Helen Joseph (Davenport) Road, Bulwer, Durban Bulk Available: ± 1 350 m² (Potential for 25 two-bedroom apartments)

ROSS | 082 923 9277

62 UNIT APARTMENT BLOCK IN THE HEART OF JOHANNESBURG CBD 29 Leyds Street, Joubert Park, JHB Extent: ± 932 m² | Retail units | Gross Annual Income: ± R3.2 Million | Ample parking

LUKE | 071 351 8138

RESIDENTIAL PROPERTY WITH 2 LIVING AREAS 32 Madeira Road, Morningside Extent: ± 965m² | 2 Spacious 3 bedroom units | 2 x Double garages and outside parking | Opposite Mitchells park

LUKE | 071 351 8138

2 BEDROOM SUITE IN ZIMBALI Section 1721 SS Zimbali Hotel & Resort Extent: ± 84 m² | Top Floor Apartment | 2 Bedroom unit | Opportunity for short term letting | Ideal for travelling executives | Very upmarket | Basement Parking

JACQUES | 079 459 3022

LUXURY 2 BEDROOM APARTMENT Crystal Towers, Century City, CPT Extent: ± 122 m2 | Breathtaking views | Furniture and appliances included | Underfloor heating | Located on the 8th Floor

JACQUES | 079 459 3022

GROUND FLOOR OFFICE UNIT ON A BUSY STREET Mcintyre Place, Parow, Cape Town Unit Extent: ± 275 m² | Vacant occupation | Off-street secure parking

Auction Date & Time: 20 July 2022 | 11h00 | Auction Venue: Mount Edgecombe Country Club, Gate 2, 1 Golf Course Drive, Mount Edgecombe | Terms: R50 000 refundable registration deposit. Strictly by EFT. FICA Documents are required | Auctioneer: Andrew Miller

CONTACT US FOR MORE INFO: 0861 444 769 info@in2assets.com 063 500 1652 www.in2assets.com

The Rules of Auction & CPA Regulations can be viewed at www.in2assets.com or at Unit 505, 5th Floor, Strauss Daly Place, 41 Richefond Circle, Ridgeside Office Park, Umhlanga Ridge. Bidders must register to bid and provide original proof of identity and residence on registration. The Rules of Auction contain the registration requirements if you intend to bid on behalf of another person or an entity. The above properties are subject to a reserve price and the sale by auction is subject to a right to bid by or on behalf of the owner or auctioneer. In terms of the POPI Act, our contact details have been stated in this document. By responding to such, you hereby opt in for future marketing communication via email, mobile and WhatsApp. Email optout@in2assets.com to be removed from all future communication.

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TIMED ONLINE AUCTION WED, 20th JULY 2022 at 12 NOON https//:bidlive.maskell.co.za

Urgent timed online liquidation auction of prime Northern Natal properties located in Hattingspruit and Dundee

Erf 89 Hatting Spruit in extent of 8631sqm comprising of an unimproved vacant stand

Erf 90 Hatting Spruit in extent of 1,2189ha comprising of a large awning and outbuilding

Erf 92 Hatting Spruit in extent of 1,6818ha comprising of 2 semi-detached blocks & outbuilding with small ablution

Erven 1304 & 1307 Dundee in extent of 1119sqm & 1119sqm respectively held under Title Deed no. T27710/2019 : 27 Cuthbert Street, Dundee.

The main building comprises 2 lounges, 1 with fireplace, kitchen, 2 bedrooms (MES) - The outbuildings comprise an outside toilet; rondavel with en-suite; outbuilding with 2 rooms & ablution facilities. The property is serviced by a swimming pool (poor condition) and boundary fencing

Bidding opens Wednesday, 20th July 2022 at 12noon & closes from 12noon Thursday, 21st July 2022

Contact Danielle 082 801 6827 / danielle@maskell.co.za • R50 000 buyer's card deposit payable by EFT • 10% deposit payable on fall of hammer • FICA to be provided • “Above subject to change without prior notice • Sale subject to confirmation (E&OE) • *Staggered auction times

HOME LOANS Now is the time to find out how much you qualify for as the repo rate is at a record low.

Celestine is always available to take your call and guide you through the process from application through to registration. She will pre-qualify you for a home loan before you start house hunting.

A pre-approval is very useful when house hunting as it helps the agent narrow down which properties to show you and not waste unnecessary time.

Complete one application and she will apply to all 4 major banks and negotiate the best interest rate on your behalf.

Call her for quick and efficient service Please feel free to contact Celestine at any time on 084 559 1786 | celestine@property360.co.za

www.iolproperty.co.za

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DOGON GROUP PROPERTIES Atlantic Seaboard Office 021 433 2580 thekings@dogongroup.com www.dogongroup.com

RHONDA RAAD PROPERTIES Cape Town Office 082 448 7795 Email: rrpsales@mweb.co.za www.rhondaraadproperties.co.za

SHELLEY RESIDENTIAL KZN Office 082 412 4463 Email: hello@shelley.co.za www.shelley.co.za

DOGON GROUP RENTALS Sea Point Office 021 433 2580 enquiries@dogongroup.com www.dogongroup.com

THE WOODLAND Umhlanga Office 081 281 3960 Email: info@woodland.co.za www.woodland.co.za

BALWIN PROPERTIES Ballito Office 084 788 1020 Email: michelle@balwin.co.za www.balwin.co.za

DOGON GROUP PROPERTIES Southern Suburbs, Claremont Office 021 671 0258

PETER MASKELL AUCTIONEERS KZN Office: 033 397 1190 Email: info@maskell.co.za www.bidlive.maskell.co.za

NOBLE RESORTS CAPE TOWN 010 612 6060 sales@nobleresorts.co.za www.nobleresorts.co.za

VAN’S AUCTIONEERS Gauteng Office 086 111 8267 www.vansauctions.co.za

WIDENHAM RETIREMENT VILLAGE South Coast, KZN 066 306 0669 / 066 306 0612 www.hibiscusrv.co.za

southernsuburbs@dogongroup.com

www.dogongroup.com

DOGON GROUP PROPERTIES Western Seaboard Office: 021 556 5600 or 021 433 2580 enquiries@dogongroup.com www.dogongroup.com

www.iolproperty.co.za

www.widenhamretirementvillage.co.za

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