Sale
South Africa

1

Beds

1

Baths

1

Parking

48 m²

Floor area

Apartment 1 bed 1 bath 48 m²

About this property

This ground-floor studio apartment is situated within a well-maintained retirement village in Glenwood, Durban, reserved for residents aged 60 years and older. At 48 m², the unit offers a practical and comfortable layout featuring a living area with security burglar guards on the windows, a neatly separated sleeping area, a fully fitted kitchen with white cabinetry, dark countertops, space for a fridge and a freestanding stove, and a bathroom with a full glass-panel shower enclosure and toilet.

The apartment benefits from laminated timber-look flooring throughout, good natural light, and a private garden accessible via elegant French doors from the lounge — ideal for those who enjoy outdoor space without the maintenance of a large property.

Residents of the village enjoy an enviable array of communal amenities including a lounge, TV lounge, library, games room, braai area, on-site gym, and a communal dining room offering affordable meals from R55. A laundry pickup-and-drop-off service is available, and the monthly levy of R2,815.36 covers both water and electricity, providing excellent cost certainty. Security is provided around the clock.

The location in Glenwood places residents within easy reach of Kingsley Gardens park (±111 m), The Glenwood Bakery (±145 m), and Berea Centre shopping mall (±527 m), with several cafés, restaurants, and convenience stores within comfortable walking distance.

Rooms & layout

Living Area
Sleeping Area
Kitchen
Bathroom
Bedroom 1
Garage

Features & amenities

retirement village60+ communitygardensecuritygymcommunal braailaundry servicefully fitted kitchenprivate gardenfrench doors

Price & ownership

Asking price R 330 000
Price per m² R 6 875
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 330K
Taxes + legal + admin fees R 12K

Rough split: 96.5% purchase price, 3.5% buying costs.

  • Asking price R 330 000
  • Deeds Office (transfer) R 434
  • Conveyancing (est., incl. VAT) R 11 511
  • Deeds lodgement R 52
  • Total indicative R 341 997

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 3 116 /month

Total paid over 20 years (deposit + repayments): R 780 910

Deposit 10% · R 33 000
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 297 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.