Sale
South Africa

4

Beds

1

Baths

3,612 m²

Floor area

3,361 m²

Stand size

Plot 4 beds 1 bath 3,612 m²

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

Bedroom × 4
Bathroom
Lounge
Dining Room
Kitchen

Features & amenities

dual road frontagen2 freeway frontagedevelopment opportunityzoning special residentialstudent accommodationnear ukznelevated positionpanoramic hill viewsspecial residential 180 zoningmedium density development potential

Price & ownership

Asking price R 2 450 000
Price per m² R 678
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 2,5M
Taxes + legal + admin fees R 109,6K

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

R 23 136 /month

Total paid over 20 years (deposit + repayments): R 5 797 663

Deposit 10% · R 245 000
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 2 205 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.