Sale
South Africa

1

Beds

1

Baths

65 m²

Floor area

Apartment 1 bed 1 bath 65 m²

About this property

Property Professionals SA presents this well-located one-bedroom, one-bathroom apartment on Musgrave Road in the heart of Durban's sought-after Musgrave suburb. Set in a well-maintained multi-storey residential block, the 65 m² unit is currently tenanted — making it an attractive, income-generating investment opportunity from day one.

The block benefits from covered carports and open parking bays, mature tropical landscaping including palms and flowering shrubs, a communal drying area, and fire-safety equipment on every level. A security entrance with controlled access and perimeter walling adds peace of mind.

Levies conveniently include water, and a prepaid electricity meter ensures cost control. One parking bay is included. A sectional title register has already been opened, allowing for straightforward and cost-effective conversion to sectional title, and — being a share-block transfer — the transfer process is notably swift.

In terms of location, Musgrave Centre and Food Lover's Market are within approximately 285–290 m, while Checkers at Musgrave Centre is roughly 333 m away — putting supermarkets, restaurants and retail at your doorstep. Stephen Dlamini Park and Berea Park are within comfortable reach for outdoor leisure. Public transport connections are available via nearby bus stops, and the broader Berea/Musgrave node offers a range of schools, gyms and places of worship within easy distance.

Rooms & layout

Bedroom 1
Bathroom
Room × 2

Features & amenities

investment propertytenantedsectional titleparkingprepaid electricitycovered parkingwater included in leviesshare block transferfire safety equipmentsecurity entrance

Price & ownership

Asking price R 800 000
Price per m² R 12 308
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 800K
Taxes + legal + admin fees R 19,6K

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

  • Asking price R 800 000
  • Deeds Office (transfer) R 695
  • Conveyancing (est., incl. VAT) R 18 860
  • Deeds lodgement R 52
  • Total indicative R 819 607

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 7 555 /month

Total paid over 20 years (deposit + repayments): R 1 893 114

Deposit 10% · R 80 000
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 720 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.