Apartment for sale

R 1 700 000

Colchester , Colchester , Eastern Cape

Beds

Baths

Parking

1,191 m²

Floor area

1,191 m²

Stand size

Apartment 2 beds 1 bath 1,191 m²

About this property

Delightful cottage-style home perfectly positioned in the sought-after holiday village of Colchester, just a short 20 minute drive from Port Elizabeth. Offering a peaceful lifestyle close to the Sundays River, this property is ideal as a retirement retreat or a relaxed holiday getaway for those who love boating, fishing, and water skiing.

The main dwelling features two comfortable bedrooms, an open-plan living area with air-conditioning and modern convenience, inverter system for reliable power backup, spacious garaging plus a carport for additional parking, water tanks and an alarm system for security and sustainability.

The property includes a self-contained bachelor flat at the back, complete with its own tandem carport — perfect for extended family, guests, or as a potential rental income opportunity.

Whether you are seeking a peaceful riverside lifestyle or a lock-up-and-go holiday home, this property offers comfort, versatility, and value in a tranquil village setting.

Rooms & layout

Bedroom × 2

Bathroom

Open-plan Living Area

Room × 2

Garage × 3

Features & amenities

Cottage styleRiversideAir conditioningInverter systemGaragingCarportWater tanksAlarm systemBachelor flatRental income potential

Price & ownership

Asking price R 1 700 000

Price per m² R 1 427

Municipal valuation -

Cost to buy (indicative)

Including bond costs

Purchase type is not confirmed below. Transfer duty is estimated for a standard resale (not a VAT-inclusive developer or vendor sale). Check with the agent.

Upfront split

Property price R 1,7M

Taxes + legal + admin fees R 51K

Rough split: 97.1% purchase price, 2.9% buying costs.

Asking price R 1 700 000
Transfer duty (est.) R 15 786
Deeds Office (transfer) R 1 477
Conveyancing (est., incl. VAT) R 33 695
Deeds lodgement R 52
Total indicative R 1 751 010

Estimates from SARS transfer duty tables, Deeds Office–style fees, and LSSA conveyancing guidelines. Not financial or legal advice — confirm with your attorney. Duty uses the higher of price or market value.

Table ref: sars_2025-04-01

Bond Calculator

R 16 054 /month

Total paid over 20 years (deposit + repayments): R 4 022 868

Deposit 10% · R 170 000

Loan term 20 years

5 yr 30 yr

Interest rate 11.25% p.a.

5% Prime ~11.25% 20%

Monthly repayment vs interest rate (deposit fixed at 10%)

Monthly repayment vs deposit percentage (rate fixed at 11.25%)

Indicative estimate only. Loan of R 1 530 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.