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R6,500,000

Monthly Bond Repayment R69,317.93
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Monthly Rates
R1,254

Iconic Old Mill Property with Two Dwellings on One Plot.

Exclusive Sole Mandate.

This expansive property (2,890 square metres) is the site of the Old Mill of Stanford, an iconic part of Stanford heritage, now bringing rejuvenated life to the area as a private home with a second income-generating dwelling.

The Old Mill was restored by the owners in 2015, following all legislation and guidelines of Stanford Heritage and Overstrand Municipality by-laws. Today, it is a private, renovated two-bedroom, two-bathroom loft home with a beautifully designed complete kitchen, open-plan dining room and lounge. The mill house is set amongst the lush gardens of the property and enjoys its own entrance. The original limestone work of the building was restored and is beautifully exposed as the structure of the dwelling.
The current owners have been operating an Airbnb and short-term accommodation in the Old Mill as an income-generating asset.

The main house, set on Caledon Street, is a three-bedroom home with large open living spaces, a country-style kitchen and a large patio overlooking the vast gardens as they engulf you in a magical space of tranquillity. The gardens include a veggie garden, fruit trees, shrubs and other plants with walkways throughout. The main house requires repair and maintenance but has so much to offer the prospective purchaser.

Professional architectural plans have been drawn up for a renovation of the main house. These plans have passed and been accepted through the offices of Stanford Heritage and are currently in the process of being approved by the Overstrand Municipality. The plans will be shared with interested purchasers upon request.

Additional structures include a double garage with two off-street covered parking spaces, a laundry room and outer-lying bathroom facilities.
The property has an alarm system in both dwellings with armed response.

The main entrance to the right of the property leads to the double garage and side entrance gate to the main house, whilst the driveway on the left is a servitude running the length of the erf and allowing access to the Old Mill house at the bottom corner of the property. A large tool shed will remain on the property and be included in the sale.

Contact me today for more information or to book a viewing.

Features

5
4
2
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
4
Kitchens
2
Reception Rooms
4
Exterior
Garages
2
Carports / Parkings
2
Security
Yes
Domestic Accommodation
1
Sizes
Land Size
2,890m²

Stanford, Stanford

Stanford is a charming, historic village located in the Western Cape province of South Africa. Known for its picturesque streets, excellent restaurants and wineries, and beautiful natural surroundings, Stanford is a popular destination for both tourists and locals. The village of Stanford was founded in the early 1800s and has a rich history that can be explored through its many historic buildings and landmarks....
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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:

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Expenses

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Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

69,317.93

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