Sale
South Africa

1

Beds

1

Baths

1

Parking

Apartment 1 bed 1 bath

About this property

Sky-High Living with Stunning Views in the Heart of Parktown

Welcome to this charming 8th-floor apartment at 48 Majestic Towers, ideally located at 38 Empire Road, Parktown. This well-positioned unit offers comfortable city living with beautiful elevated views and excellent building amenities—perfect for professionals, first-time buyers, or investors.

Step into a spacious and light-filled lounge and dining area that opens onto a large private balcony, where you can enjoy breathtaking views of the surrounding skyline—ideal for relaxing after a long day or entertaining guests.

The apartment features one generously sized bedroom with built-in cupboards, providing plenty of storage space and comfort. The bathroom is neatly fitted with a shower, and there is an additional linen cupboard for extra convenience.

The kitchen offers ample cupboard space, a gas stove, and room for a fridge, making it both practical and functional for everyday living.

Building Features:

  • 24-hour security with controlled access
  • Welcoming lobby area with post boxes
  • Elevators for easy access
  • Swimming pool for residents to enjoy
  • Secure underground parking

Situated in a prime location close to major routes, universities, hospitals, and business hubs, this apartment offers excellent convenience and investment potential.

Rooms & layout

Bedroom 1
Bathroom
Lounge
Dining Area
Kitchen
Garage

Features & amenities

24-hour securityswimming poolunderground parkingbalconycity viewsbuilt-in cupboardselevators

Price & ownership

Asking price R 780 000
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 780K
Taxes + legal + admin fees R 19,3K

Rough split: 97.6% purchase price, 2.4% buying costs.

  • Asking price R 780 000
  • Deeds Office (transfer) R 678
  • Conveyancing (est., incl. VAT) R 18 561
  • Deeds lodgement R 52
  • Total indicative R 799 291

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 7 366 /month

Total paid over 20 years (deposit + repayments): R 1 845 787

Deposit 10% · R 78 000
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 702 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.