Sale
South Africa

1

Beds

1

Baths

37 m²

Floor area

Apartment 1 bed 1 bath 37 m²

About this property

Overview

One-bedroom apartment located in Durban central. This unit is ideal for individuals or couples seeking an affordable entry into the property market.

Features

  • Built-in cupboards
  • Well-managed building

Condition & Opportunity

The kitchen and bathroom require renovation, presenting an opportunity for investors or first-time buyers to add their personal touch and increase the property's value over time.

Location & Access

Convenient access to:

  • Shopping centers
  • Schools
  • Public transportation
  • Entertainment options

Rooms & layout

Bedroom 1
Bathroom
Kitchen

Features & amenities

built-in cupboardswell-managed buildinginvestment opportunityfirst-time buyer friendlycentral location

Price & ownership

Asking price R 390 000
Price per m² R 10 541
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 390K
Taxes + legal + admin fees R 13K

Rough split: 96.8% purchase price, 3.2% buying costs.

  • Asking price R 390 000
  • Deeds Office (transfer) R 434
  • Conveyancing (est., incl. VAT) R 12 522
  • Deeds lodgement R 52
  • Total indicative R 403 008

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 3 683 /month

Total paid over 20 years (deposit + repayments): R 922 893

Deposit 10% · R 39 000
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 351 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.