Sale
South Africa

7

Beds

3

Baths

1,112 m²

Floor area

1,112 m²

Stand size

House 7 beds 3 baths 1,112 m²

About this property

Well-Established Family Home with Income-Generating Cottage — Reservoir Hills, Durban

Prime Property presents this spacious 4-bedroom family home set on a generous 1 112 m² stand in the much-loved suburb of Reservoir Hills. Known for its tree-lined streets, welcoming community, and excellent access to Durban's main arterials, this property strikes an ideal balance between comfortable family living and sound investment potential.

Main Residence

  • 4 bedrooms, including a main bedroom with en-suite bathroom
  • 2 bathrooms in total
  • Lounge — generously proportioned, featuring dark parquet flooring, bold crimson feature walls, full-length draped curtains, and security-barred windows; fitted with a wall-mounted air-conditioning unit and a built-in entertainment unit with display cabinetry
  • Dining room — open to the lounge, with matching décor, a large wall mirror, and ample space for a six-seater table set
  • Kitchen — practical U-shaped layout with beech-tone cabinetry and contrasting dark granite-look countertops, tiled splash-backs, double sink, electric hob, extractor, and space for a washing machine

Cottage

A self-contained 3-bedroom cottage with its own kitchen and bathroom — ideal for extended family or as a rental income unit to offset bond repayments.

Outdoor & Stand

Ample yard space on a 1 112 m² erf provides room to entertain, landscape, or add additional structures (subject to municipal approval).

Location Highlights

Halpin Avenue Park is just ±120 m away, and Reservoir Hills Secondary School is within ±316 m — making school-run mornings easy. A pharmacy, ATM, and several eateries are all within a 250 m radius, while supermarkets and a preschool are reachable within 800 m. Public transport via Dunkel Road Bus Stop is approximately 170 m from the property.

Rooms & layout

Bedroom × 7
Bathroom × 3
Kitchen × 2
Lounge
Dining Room

Features & amenities

2 bathroomscottageen suiteleafy areafamily homeen suite main bedroomseparate cottageinvestment income potentialair conditioningsecurity burglar bars

Price & ownership

Asking price R 1 550 000
Price per m² R 1 394
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 1,6M
Taxes + legal + admin fees R 42,9K

Rough split: 97.3% purchase price, 2.7% buying costs.

  • Asking price R 1 550 000
  • Transfer duty (est.) R 10 200
  • Deeds Office (transfer) R 1 347
  • Conveyancing (est., incl. VAT) R 31 280
  • Deeds lodgement R 52
  • Total indicative R 1 592 879

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 14 637 /month

Total paid over 20 years (deposit + repayments): R 3 667 909

Deposit 10% · R 155 000
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 1 395 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.