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De Almeida, De Almeida, Mossel Bay, Western Cape
R 4 500 /mo
Deposit: R 9 000
Save monthly on your rental with available Government Subsidies, if you qualify for the subsidy. This is exclusive for someone who lives in the Mossel Bay area and a South African citizen, with a financial dependent - such as a spouse of a child and never owned a property before & earns between R11 000 - R22 000 - gross income - before deductions - ito the Government subsidy terms and conditions. Step into homeownership the smarter way with our instalment sale and rental option—designed to make owning your home more affordable and accessible. If your combined monthly household income is between R11 000,00 up to R22 000.00 - before deductions per month - then you can apply. If you qualify for the First Home Finance subsidy, your monthly rental is reduced—helping you save from day one - example: • Income of R10,500/month - Save approx. R1,200/month • Income of R12,000/month - Save approx. R1,080/month • Income of R15,000/month - Save approx. R860/month (*Savings depend on subsidy qualification & will be calculated individually for each application) Rent Now. Buy Later. Secure your home with a 2-year rental agreement, then purchase at a reduced price—with your subsidy already factored in. This means lower monthly bond repayments when you buy. Rent Now. Buy Later. Secure your home with a 2-year rental agreement, then purchase at a reduced price—with your subsidy already factored in. This means lower monthly bond repayments when you buy. Property Features: • Brand new units • Open-plan tiled living & kitchen area • Modern bathroom (toilet, basin & bath) • Two upstairs bedrooms with built-in cupboards View the Show House A fully furnished show unit is available for viewing (units are sold/rented unfurnished). Bring a friend and explore the option of sharing a 2-bedroom home. How to Apply: 1. Watch the walk-through video 2. Our agent will forward you with an online form to complete to check the subsidy available for you 3. Indication of the Subsidy amount made available (provisional) 4. Final rental determined (Standard rent less subsidy) 5 Tenant accepts the rental amount & terms and conditions 6. Administration fee paid = R250.00 & credit and affordability checks completed 7. Submit proof of income & bank statements 8. Receive the outcome 9. Complete the process & lease signed 10 Payment of the deposit 10 Agree on a date to move in. Qualification Criteria • Minimum household income: R10,500 p/month - Max R22 000.00 gross p/m • Never owned a property before • Good rental payment history Living in the Mossel Bay area Costs • Deposit: R4,500 (payable in 2 instalments before move-in) • Admin Fee: R250 (payable to MDW Inc Attorneys Purchase Details • Purchase Price: R429,000 (includes all transfer costs) • Subsidy reduces both rental and future bond repayments Rental Adjustments • Annual increase of 5% from year 2 Ready to take the next step? Contact our agent today to start the process to secure your own home Property Rates and taxes, water and electricity to be paid by the tenant. Terms & conditions apply. All applications subject to approval by the current owner.
Rent as % of your income
32.1%
Manageable but tight
deposit + 1st month + admin
rent + deposit + admin
advertised price
Estimate only — landlords typically look for rent at or below 33% of gross monthly income, but affordability also depends on your other debts and credit profile.
De Almeida, De Almeida, Mossel Bay, Western Cape
Area view — the exact address is shared on enquiry.
Listed by
Christiaan Mahlangu
Unclaimed listing — claim it to verify
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