4
Beds
1
Baths
3,612 m²
Floor area
3,361 m²
Stand size
About this property
A rare and compelling development opportunity in Clare Hills, Durban, offering 3 361 m² of well-positioned land with exceptional visibility and dual road frontage directly facing the N2 freeway. The elevated, sloping site commands sweeping views over the surrounding hills and towards Durban's urban skyline, and is zoned Special Residential 180 — permitting approximately 19 single residential units or approximately 38 semi-detached (double) units, making it ideally suited for a medium-density residential development.
Existing improvements on the property include a spacious 4-bedroom home with 1 bathroom, built-in cupboards throughout, a separate lounge and dining room, and a large, fully fitted kitchen, offering rental income potential while development plans are being finalised. The boundary is secured with a combination of palisade fencing, wire fencing, and razor wire.
The location is highly strategic: Clareville Primary School is approximately 300 m away, a pharmacy and superette are within 350 m, and Bolton Park is under 700 m from the property. The UKZN Westville Campus is under 5 km away, creating strong demand for student accommodation and rental units. Easy freeway access via the N2 corridor ensures excellent connectivity to central Durban and beyond.
This is a scarce, large-format site in a well-serviced suburb with clear development upside — an opportunity not to be missed.
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: 95.7% purchase price, 4.3% buying costs.
- Asking price R 2 450 000
- Transfer duty (est.) R 63 200
- Deeds Office (transfer) R 2 129
- Conveyancing (est., incl. VAT) R 44 195
- Deeds lodgement R 52
- Total indicative R 2 559 576
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 5 797 663
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 2 205 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.