Sale
South Africa

7

Beds

4

Baths

1

Parking

848 m²

Floor area

House 7 beds 4 baths 848 m²

About this property

A golden opportunity awaits savvy investors! This income-producing block of flats is ideally located on prestigious West Road, one of Overport's most in-demand streets. Offering R40,000 in monthly rental income, this property guarantees solid returns.

Highlights: • Monthly rental income of R40,000 • Neat and secure block with a proven rental track record • Tenanted with long-standing occupants • Spacious, self-contained flats, each with private kitchens and bathrooms • Secure onsite parking • Well-maintained, low-maintenance building • Favourable layout for easy management • Situated close to schools, shopping centres, places of worship, medical facilities, and public transport • Ideal for long-term residential letting or executive rentals • Potential to increase income further with minor upgrades or rental adjustments

Key Features: • 3 × 1-bedroom units • 1 × duplex unit • 1 × versatile outbuilding • Main residence with 4 bedrooms • 1 parking space allocated per unit

Location Perks: West Road is one of Overport's most central and high-demand streets – offering a mix of residential convenience and access to key amenities. The demand for rentals in this area remains high, making it a reliable performer for years to come.

Whether you're expanding your portfolio or making your first big property move, this is a smart acquisition that offers both immediate cash flow and capital appreciation potential.

Rooms & layout

Bedroom × 7
Bathroom × 4
Kitchen
Garage

Features & amenities

income-producingblock of flatsrental incomesecure parkingself-contained unitswell-maintainedlow-maintenance

Price & ownership

Asking price R 4 500 000
Price per m² R 5 307
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 4,5M
Taxes + legal + admin fees R 346,3K

Rough split: 92.9% purchase price, 7.1% buying costs.

  • Asking price R 4 500 000
  • Transfer duty (est.) R 272 356
  • Deeds Office (transfer) R 3 911
  • Conveyancing (est., incl. VAT) R 70 025
  • Deeds lodgement R 52
  • Total indicative R 4 846 344

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 42 495 /month

Total paid over 20 years (deposit + repayments): R 10 648 768

Deposit 10% · R 450 000
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 4 050 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.