House for sale

R 590 000

Soshanguve Vv , Soshanguve , Gauteng

Beds

Baths

210 m²

Floor area

House 3 beds 1 bath 210 m²

About this property

A 3-bedroom, 1-bathroom house available for sale. This property presents an excellent opportunity for first-time homebuyers. Potential buyers earning a minimum basic salary of R3,501 up to R22,000 may qualify for government housing subsidies (1st Home programme, previously known as FLISP) ranging from R38,911 to R169,265, which could cover transfer costs, bond costs, or deposit. The property is designed to meet the needs of families and offers an affordable entry point into homeownership.

Rooms & layout

Bedroom × 3

Bathroom

Kitchen

Lounge

Features & amenities

First time buyer opportunityGovernment subsidy eligibleAffordable housing

Price & ownership

Asking price R 590 000

Price per m² R 2 810

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 590K

Taxes + legal + admin fees R 16,3K

Rough split: 97.3% purchase price, 2.7% buying costs.

Asking price R 590 000
Deeds Office (transfer) R 513
Conveyancing (est., incl. VAT) R 15 720
Deeds lodgement R 52
Total indicative R 606 285

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 5 572 /month

Total paid over 20 years (deposit + repayments): R 1 396 172

Deposit 10% · R 59 000

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 531 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.