Sale
South Africa

3

Beds

1

Baths

116 m²

Floor area

House 3 beds 1 bath 116 m²

About this property

Come and view this amazing investment opportunity situated in a small block called Kondoa. Property consists of three bedrooms with built in cupboards (two of the bedrooms are double sized bedrooms and the third one is a single room), lounge area, kitchen and a full bathroom. This is a perfectly located group floor unit. Ideal for accredited student accommodation.

Amenities: • 300 meters from NMU shuttle stop • 600 meters from PE college • 300 meters from Spar • 200 meters from public transport

Rooms & layout

Bedroom × 3
Bathroom
Lounge
Kitchen

Features & amenities

Student accommodationBuilt in cupboardsGround floor unitInvestment opportunityNear NMUNear PE college

Price & ownership

Asking price R 510 000
Price per m² R 4 397
Municipal valuation -

Cost to buy (indicative)

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 510K
Taxes + legal + admin fees R 15K

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

  • Asking price R 510 000
  • Deeds Office (transfer) R 443
  • Conveyancing (est., incl. VAT) R 14 524
  • Deeds lodgement R 52
  • Total indicative R 525 019

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 4 816 /month

Total paid over 20 years (deposit + repayments): R 1 206 860

Deposit 10% · R 51 000
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 459 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.