Apartment for sale

R 540 000

68 Glenwood , Durban , KwaZulu-Natal

Beds

Baths

Parking

60 m²

Floor area

Apartment 1 bed 1 bath 60 m²

About this property

60 m² spacious 1 bedroom apartment with exclusive-use lock up garage. Prime location on JB Marks Road. Views of sea, bay and city. Small complex of 12 apartments. Doorstep to St. Augustine's Hospital. On bus route. Ideal investment property with current tenant paying R6,500 per month.

Rooms & layout

Bedroom 1

Bathroom

Garage

Features & amenities

Sea viewCity viewBay viewInvestment propertySecure parkingHospital nearbyBus route

Price & ownership

Asking price R 540 000

Price per m² R 9 000

Municipal valuation -

Cost to buy (indicative)

Including bond costs

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.