2
Beds
1
Baths
249 m²
Floor area
About this property
This modest two-bedroom home is situated in the established suburb of Riverlea, Johannesburg, and presents solid potential for the discerning investor or hands-on buyer. The single-storey, face-brick dwelling sits beneath a corrugated-iron roof and is enclosed by a perimeter wall with a gated entrance — providing a secure yard with a grassed front garden.
Inside, the layout is practical: an open-plan lounge and kitchen flow naturally into one another, with white base cabinets, a single-bowl sink, tiled countertop, and space for a freestanding fridge and counter-top appliances. Both the kitchen and lounge are tiled throughout. A central passage connects the two bedrooms and bathroom. The property does require cosmetic renovation — including ceiling repairs and general freshening — making it ideal for those looking to add value.
The location is a genuine drawcard: Colorado Drive Park is virtually on the doorstep (±76 m), the Riverlea Taxi Rank on Colorado Drive is ±286 m away for easy commuting, and Riverlea Primary School as well as Riverlea High School are both within 500 m, making this a convenient choice for families. Highveld Technical College is also within easy reach at approximately 750 m.
Rooms & layout
Features & amenities
Price & ownership
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
Rough split: 97.2% purchase price, 2.8% buying costs.
- Asking price R 540 000
- Deeds Office (transfer) R 469
- Conveyancing (est., incl. VAT) R 14 973
- Deeds lodgement R 52
- Total indicative R 555 494
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
Total paid over 20 years (deposit + repayments): R 1 277 852
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 486 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.