3
Beds
1
Baths
190 m²
Floor area
About this property
First-Time Homebuyer Opportunity with FLISP
Soshanguve New development
WITH THE CURRENT RATE OF 10.5% TAKE THIS OPPORTUNITY FOR A BETTER INSTALLMENT
The Finance Linked Individual Subsidy Programme (FLISP) offers a great opportunity for first-time homebuyers to qualify for a subsidy, making it possible to buy a dream home.
Subsidy Details
- Subsidy Amount: R38,911 to R169,265
- Purpose: Covers transfer and bond costs or deposit
Eligibility Criteria
- Income Requirement: Basic salary between R3,501 and R22,000 per month (housing-related income may be included). For this new development a minimum of R19,000 Gross salary is required
- Dependents: At least one dependent
- First-Time Buyer: Yes
- Citizenship: South African citizen or permanent resident
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: 97.5% purchase price, 2.5% buying costs.
- Asking price R 730 000
- Deeds Office (transfer) R 634
- Conveyancing (est., incl. VAT) R 17 814
- Deeds lodgement R 52
- Total indicative R 748 500
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 1 727 467
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 657 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.