Sale
South Africa

6

Beds

5

Baths

7

Parking

2,708 m²

Floor area

2,708 m²

Stand size

House 6 beds 5 baths 2,708 m²

About this property

A rare opportunity to acquire one of Morningside's most distinguished properties — an elevated 2,708 m² estate with claimed sea views and the scale to accommodate a landmark coastal residence or luxury development.

The existing double-storey home features a steeply pitched dark-tiled roof, horizontal board cladding, large aluminium-framed windows, and a covered rear patio enclosed by a security gate. The grounds are generous: a large cleared rear garden area (currently bare red earth), a broad interlock-paved forecourt with capacity for multiple vehicles, and terraced planting beds along one boundary that currently host an established vegetable garden. A swimming pool footprint is visible at the rear, enclosed by a white picket fence surround, suggesting reinstatement is possible.

Internally, the home is mid-renovation. The upper-level reception room visible in the images shows polished large-format grey marble-look porcelain tiles, a striking black feature wall with geometric panelling, a white classical fireplace surround with built-in arched shelving alcove, an air-conditioning unit, and a picture window framing green treetop views. Finishes are partially complete, presenting an opportunity to specify the remaining interior to personal taste.

The room configuration comprises six bedrooms and five bathrooms across two storeys, with seven garage bays — ideal for multi-generational living or a prestige vehicle collection. The property is mid-renovation and is offered as a blank canvas: complete the existing home as a grand coastal residence, or demolish and build a bespoke new-build or collection of high-end apartments subject to municipal approvals.

Mitchell Park and its zoo are within approximately 360 m, Morningside Primary School within 430 m, and an Engen convenience centre with Woolworths Foodstop is a mere 65 m away — placing everyday amenities right at the door.

Rates: R 7,230 per annum.

Rooms & layout

Bedroom × 6
Bathroom × 5
Reception / Lounge (upper level)
Covered rear patio
Garage × 7

Features & amenities

sea viewscoastalelevatedmid renovationmulti generationaldevelopment potentialsea views (claimed)elevated positioninterlock paved forecourtmulti vehicle garaging

Price & ownership

Asking price R 16 400 000
Price per m² R 6 056
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 16,4M
Taxes + legal + admin fees R 1,8M

Rough split: 90.1% purchase price, 9.9% buying costs.

  • Asking price R 16 400 000
  • Transfer duty (est.) R 1 643 156
  • Deeds Office (transfer) R 7 751
  • Conveyancing (est., incl. VAT) R 143 973
  • Deeds lodgement R 52
  • Total indicative R 18 194 932

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 154 870 /month

Total paid over 20 years (deposit + repayments): R 38 808 845

Deposit 10% · R 1 640 000
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 14 760 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.