2
Beds
1
Baths
68 m²
Floor area
About this property
CASH BUYERS ONLY – SHARE BLOCK | Durban Central
Located on the second floor of a characterful multi-storey share-block building in the heart of Durban Central, this 68 m² apartment offers an accessible entry point into the city-centre property market at an asking price of R250 000.
The unit comprises one bedroom with built-in cupboards, an open lounge and dining area (the dining area doubles conveniently as a second bedroom), a compact kitchen with built-in cupboards and basin, and a bathroom fitted with a bathtub, hand-wash basin, toilet and cupboard. Floors throughout are fully tiled.
The building's distinctive pale-blue rendered façade features ornate wrought-iron security gates over arched ground-floor openings and decorative lattice balconies on the upper levels, giving it a heritage character that stands out on the streetscape. A rear elevation provides additional ventilation through louvred windows. The ground-floor entrance colonnade, identified as Pioneer Lodge, houses a staffed 24-hour security point.
Water is included in the levy; electricity is prepaid. There is no on-site parking (residents may use Coastlands Hotel opposite at own cost). Please note that the building's lift is currently out of service.
The location is exceptionally well-served: Medicross Durban Central is roughly 48 m away, a G7 Cash & Carry supermarket is within 70 m, and multiple tertiary institutions — including Siyaphumelela Institute and Thekwini City College — are within easy walking distance, making this unit particularly suitable for student accommodation investors or first-time buyers seeking a foothold in the Durban CBD.
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: 95.8% purchase price, 4.2% buying costs.
- Asking price R 240 000
- Deeds Office (transfer) R 434
- Conveyancing (est., incl. VAT) R 9 995
- Deeds lodgement R 52
- Total indicative R 250 481
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 567 934
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 216 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.