Description
OK, so here’s the story – the owners bought this place 10 years ago and it’s been tenanted ever since. After the ravages of time and tenancy, it needs some work doing to bring it up to standard. Initially, the owners were planning to have that work done by contractors here but as they’re resident overseas, the logistics of handling such a project is proving just too much for them to contemplate.
It’s one of the charming (or will be charming!) 57 sq m 2 bed, 1 bath freehold cottages in Seafarer Close, that falls under the West Coast Village Home Owners Association. It’s very typical of these units, with plenty of off-street parking out front; high, high exposed ceilings in the lounge; and a small back garden with pergola and a side alleyway for bins etc, closed off by a wooden gate.
So, my instructions are to sell the place to a young couple looking to get their feet on the property ladder, at a bargain basement price and who will then do the restorative work themselves.
In a fixed-up “Good” condition, the CMA places the market-related Asking Price at @ R 1.35 m – but we don’t want to muck about here ,so the Selling Price, in its present condition, is a staggering R 1.2 m!! – as you can imagine, there won’t be a great deal of negotiation on that! …
Here’s what we’ve identified as needing doing:-
Of the 6 wooden windows, 2 have to be replaced, the others would be salvageable with a lot of sanding and varnishing
Paint inside and out
Sand and varnish the wooden front door and back double doors
Tidy up the garden and garden gate.
Re-tile the lounge, kitchen and bathroom floors.
Replace cracked cistern
Replace/repair locking mechanisms on the 2 x security gates
Replace door catch for one bedroom
Replace alarm system motion sensor
Replace the rusted burglar bars
Repair shower rail
Very recent quotes that we have come to a total of @ R 52 870 to do everything to bring it up to a “Good” condition. (Quotes include replacing all 6 windows with same-sized aluminum ones – but doesn’t include the new burglar bars). Obviously, if you could do some or most of the work yourselves, there should be quite a substantial additional saving on the above number.
The sellers will, of course, still be responsible for providing valid Electrical and Plumbing compliance certificates.
So let me know if you’re a cash buyer? – or alternatively, whether you’ve already been professionally pre-approved for the mortgage bond you’re going to apply for to fund your purchase? – then come take a look at this place – make out the sale agreement – and roll up your sleeves! I look forward to your call! …
2
156m2
