Sale
South Africa

6

Beds

4

Baths

1

Parking

930 m²

Floor area

House 6 beds 4 baths 930 m²

About this property

This substantial multi-generational home in Palmiet, Durban, offers exceptional versatility across two storeys, making it equally suited to a large family or an astute investor seeking multiple income streams.

The main dwelling presents six generously sized bedrooms, four bathrooms, a large dining room, a comfortable lounge, and a well-appointed kitchen complete with a scullery and ample cupboard storage. The kitchen is fitted with a combination four-gas-burner and two-electric-burner stove — a practical touch for busy households.

A self-contained two-bedroom apartment with its own lounge, kitchen, and bathroom provides a reliable rental income opportunity. A charming wooden deck flows off the apartment, ideal for entertaining and al fresco braai gatherings. Beneath the deck, two additional rooms offer further letting or storage potential.

The backyard includes a dedicated bathroom and separate toilet for guest convenience. Parking is plentiful, with a single automated garage plus open bays for up to five vehicles. Security is a priority: the rear boundary wall carries electric fencing, the yard is fully enclosed, and an electric gate controls access.

Visually, the property presents as a brick-and-plaster home with tiled roofing, a covered carport with trellis-door security gates, an upper-storey balcony, lush tropical garden planting, and a neatly paved driveway. A side passage connects the front and rear yards.

Conveniently located in Palmiet, with Little Bratz Montessori & Day Care roughly 230 m away, S.M. Jhavary Primary School about 460 m away, and Palmiet Primary School within approximately 890 m — ideal for families with young children.

Rooms & layout

Bedroom × 6
Bathroom × 4
Kitchen × 2
Scullery
Living room × 2
Dining Room
Garage
Patio × 2

Features & amenities

income generating apartmentelectric fencingelectric gatefully fencedbraaiwooden deckparkingsecuritybraai areacovered carport

Price & ownership

Asking price R 1 400 000
Price per m² R 1 505
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 1,4M
Taxes + legal + admin fees R 35,7K

Rough split: 97.5% purchase price, 2.5% buying costs.

  • Asking price R 1 400 000
  • Transfer duty (est.) R 5 700
  • Deeds Office (transfer) R 1 217
  • Conveyancing (est., incl. VAT) R 28 750
  • Deeds lodgement R 52
  • Total indicative R 1 435 719

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 13 221 /month

Total paid over 20 years (deposit + repayments): R 3 312 950

Deposit 10% · R 140 000
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 1 260 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.