Sale
South Africa

1

Beds

1

Baths

1

Parking

41 m²

Floor area

Apartment 1 bed 1 bath 41 m²

About this property

Situated on the first floor of the well-maintained Ipiti complex in the sought-after Ocean View area of the Bluff, Durban, this compact 41 m² apartment offers a secure and comfortable living environment with excellent investment credentials. The building presents a neat three-storey façade finished in warm terracotta and sand tones, with covered garaging at ground level — a rare convenience at this price point. The unit comprises one bedroom, a bathroom, and a garage, making it an ideal buy-to-let acquisition or a stepping stone for a first-time buyer. The complex features a secure entrance, established garden planting along the access walkway, and air-conditioning units visible on several apartments. Residents enjoy easy access to a cluster of eateries — including Silverbacks Clubhouse and Truckers restaurant within metres of the block — as well as Jacobs Value Park shopping mall roughly one kilometre away and several primary and secondary schools within approximately 1 km, underscoring the area's strong rental demand. Transport routes linking the Bluff to central Durban are readily accessible, rounding out the appeal of this low-maintenance investment.

Rooms & layout

Bedroom 1
Bathroom
Garage

Features & amenities

secure buildingfirst floorinvestment propertynear schoolsnear shopping centresnear transportcovered garageground floor garagingestablished gardensair conditioning

Price & ownership

Asking price R 540 000
Price per m² R 13 171
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 540K
Taxes + legal + admin fees R 15,5K

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

R 5 099 /month

Total paid over 20 years (deposit + repayments): R 1 277 852

Deposit 10% · R 54 000
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 486 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.