Sale
South Africa

2

Beds

1

Baths

68 m²

Floor area

Apartment 2 beds 1 bath 68 m²

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

Bedroom × 2
Lounge
Kitchen
Bathroom

Features & amenities

securitycity centrenear beachtiled floorsbuilt in cupboards24/7 security24/7 security guardwrought iron security gatesshare blockprepaid electricity

Price & ownership

Asking price R 240 000
Price per m² R 3 529
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 240K
Taxes + legal + admin fees R 10,5K

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

R 2 266 /month

Total paid over 20 years (deposit + repayments): R 567 934

Deposit 10% · R 24 000
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 216 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.