R 4 710 000

2 Bedroom House for Sale in The Somerset Lifestyle & Retirement Village

The Somerset Lifestyle & Retirement Village, Somerset West

2
2
2
118 m²

RETIREMENT
NO TRANSFER DUTY

Enjoy the freedom of choice in designing your ultimate retirement home!

The No- Hassle option - Choosing to purchase a Life Right home offers you a secure return on investment with the added benefit of not having to worry about:

Rates & Taxes: No municipal rates and taxes to pay.

Homeowners Building Insurance: Covered under your levy.

External Home Maintenance: Included in your levy.

Safety and Security: Provided as part of the community's features.

Access to On-Site Health Care Services and Facilities: Ensuring peace of mind

In Phase 6, we offer a variety of design choices tailored to suit your unique lifestyle. You have the freedom to make necessary changes and decide on your interior preferences, ensuring your home is a perfect fit for you.

Our professional and experienced team will support you throughout the entire process, providing peace of mind and a sense of freedom. We are committed to delivering a home that stands...

The No- Hassle option - Choosing to purchase a Life Right home offers you a secure return on investment with the added benefit of not having to worry about:

Rates & Taxes: No municipal rates and taxes to pay.

Homeowners Building Insurance: Covered under your levy.

External Home Maintenance: Included in your levy.

Safety and Security: Provided as part of the community's features.

Access to On-Site Health Care Services and Facilities: Ensuring peace of mind

In Phase 6, we offer a variety of design choices tailored to suit your unique lifestyle. You have the freedom to make necessary changes and decide on your interior preferences, ensuring your home is a perfect fit for you.

Our professional and experienced team will support you throughout the entire process, providing peace of mind and a sense of freedom. We are committed to delivering a home that stands unparalleled in quality and design.

In response to the load shedding challenges we face in the country, each home will now come equipped with a standard fully installed 3KW inverter with a lithium battery. This setup includes provisions for adding solar power if you wish.

For those interested in more power, upgrading to a 5KW inverter can be arranged for a nominal fee. We are here to ensure your home is energy-efficient and future-ready.

What is Life Right Ownership

The Somerset’s Life Right Ownership offers a flexible range of pricing and contracts which allows for a capital contribution that suits you. Life Right Ownership is a very widely practised form of retirement home sales worldwide.

There are NO TRANSFER costs attached to a Life Right purchase as there is no transfer of property taking place and the Life Right purchaser is not liable to pay rates and taxes to the municipality.

Consequently, there is no Value Added Tax (VAT) on your Life Right purchase.

Buyers are protected under the terms of the Housing Development Schemes for Retired Persons Act. Therefore, buyers have the security of knowing that their right to occupation is protected by law.

At the time of sale, all levies must be contractually fixed for the first year and estimated for the following two years.

Included in your levy is the external maintenance of your home, building house insurance and rates.

In addition, the Life Right property owner is the Cape Peninsula Organisation for the Aged (CPOA), a non-profit organisation with a 70-year track record in caring for the aged.

Schedule Your Visit Today

It's the perfect time to come and select the prime site that best suits your needs and requirements

Please note, the photographs included in our advertisement depict similar properties to showcase design possibilities.

To explore this unique opportunity further or to schedule a site visit, please contact us.

Bedrooms: 2

Bathrooms: 2

Garages: 1

Parking: 1

Pet Friendly

Fibre Internet

Solar Geyser

Listing number: P24-114686406, Image number: 1

Listing number: P24-114686406, Image number: 2

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Listing number: P24-114686406, Image number: 4

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Listing number: P24-114686406, Image number: 11

Property Overview

Listing Number

114686406

Type of Property

House

Lifestyle

Retirement Living

Listing Date

19 July 2024

Floor Size

118 m²

Levies

R 8 738

No Transfer Duty

Yes

Pets Allowed

Yes

Rooms

Bedrooms

2

Bathrooms

2

Kitchens

1

External Features

Garage

1

Parking

1

Building

Solar

Solar Geyser

Other Features

Internet Access

Fibre

Points of Interest

Bond Calculator

Monthly Repayment:

Total Once-off Costs:
(Transfer Duty Excluded)

This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.

Min Gross Monthly Income:

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What do I qualify for based on my income?

What are the bond and transfer costs?

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.