Sale
South Africa

2

Beds

2

Baths

Apartment 2 beds 2 baths

About this property

A well-presented two-bedroom apartment situated in the heart of Musgrave, one of Durban's most convenient and sought-after residential suburbs. This investment-ready unit is currently tenanted with a lease in place, making it an ideal turn-key purchase for investors or a comfortable starter home for a young couple or small family.

The open-plan lounge and dining area creates a bright, spacious feel, while the modern kitchen impresses with its grey shaker-style cabinetry, granite-look worktops, a full stainless-steel oven and hob, plumbing for a washing machine, and ample storage. Both bedrooms are well-proportioned, feature laminate wood-look flooring, crisp white cornicing, and the main bedroom benefits from full built-in wardrobes. A separate bathroom and toilet complete the layout.

The apartment includes a dedicated parking bay with additional visitor parking available, and there is an option to rent extra parking from fellow owners in the complex.

Location is a standout feature: Musgrave Centre and Food Lover's Market are roughly 285–290 m away, Care Bears on Essenwood preschool is within 303 m, and a cluster of restaurants and a medical clinic are all under 200 m from the front door — truly walkable everyday living in central Durban.

Rooms & layout

Bedroom × 2
Bathroom
Separate Toilet
Kitchen
Lounge/Dining Area
Parking

Features & amenities

parkingviewsinvestmenttenant in placeopen planmodern kitchenopen plan lounge/dininggranite look worktopsgrey shaker cabinetrybuilt in wardrobes

Price & ownership

Asking price R 1 300 000
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 1,3M
Taxes + legal + admin fees R 30,9K

Rough split: 97.7% purchase price, 2.3% buying costs.

  • Asking price R 1 300 000
  • Transfer duty (est.) R 2 700
  • Deeds Office (transfer) R 1 130
  • Conveyancing (est., incl. VAT) R 27 025
  • Deeds lodgement R 52
  • Total indicative R 1 330 907

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 12 276 /month

Total paid over 20 years (deposit + repayments): R 3 076 311

Deposit 10% · R 130 000
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 1 170 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.