Sale
South Africa

2

Beds

1

Baths

1

Parking

Apartment 2 beds 1 bath

About this property

Situated on the second floor of the well-managed Magister Court — a boutique complex of only six units in sought-after Glenwood, Durban — this move-in-ready apartment offers an appealing blend of classic character and practical comfort. Two generously sized bedrooms are each fitted with air-conditioning and built-in cupboards; gleaming original parquet wooden floors flow throughout the apartment, adding timeless warmth. The expansive lounge and dining area provides an open-plan living space, while a separate, fully fitted kitchen keeps entertaining easy. The bathroom is equipped with a bath and overhead shower. Parking is well catered for with a secure garage plus an additional open bay, accessed via controlled entry with reliable on-site security. Kingsley Gardens park is roughly 110 m away, and The Glenwood Bakery is just 145 m up the road — with Berea Centre shopping mall approximately 530 m away, daily conveniences are effortlessly within reach. An excellent opportunity for investors or first-time buyers.

Rooms & layout

Bedroom × 2
Bathroom
Kitchen
Lounge
Dining Room
Garage
Open Parking Bay

Features & amenities

air conditioningbuilt in cupboardsfully fitted kitchenwooden floorssecure garagecontrolled entrysecurityopen plan livingparquet wooden floorsopen parking bay

Price & ownership

Asking price R 820 000
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 820K
Taxes + legal + admin fees R 19,9K

Rough split: 97.6% purchase price, 2.4% buying costs.

  • Asking price R 820 000
  • Deeds Office (transfer) R 713
  • Conveyancing (est., incl. VAT) R 19 159
  • Deeds lodgement R 52
  • Total indicative R 839 924

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 7 744 /month

Total paid over 20 years (deposit + repayments): R 1 940 442

Deposit 10% · R 82 000
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 738 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.