2
Beds
1
Baths
1
Parking
57 m²
Floor area
About this property
Overview
Situated about 2 minutes from the promenade linking Durban North Beach with South Beach, this apartment is an ideal holiday flat or rental income generating facility.
Features
- 2 spacious bedrooms with cupboards
- Open-plan lounge and dining areas
- Kitchen with built-in cupboards
- Large bathroom with bath tub, telephone shower, hand basin, and toilet
- Balcony overlooking the main road, sky-scraper buildings, and glimpse of ocean
- Safe undercover parking
- Lights and water on pre-paid facility
Location & Amenities
Close to all amenities including:
- World-renowned promenade
- Southern Sun Hotels
- Municipal buses and taxis (every 3 minutes)
Investment Potential
Current rental monthly income: R6,000
Rooms & layout
Features & amenities
Price & ownership
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
Rough split: 97.2% purchase price, 2.8% buying costs.
- Asking price R 530 000
- Deeds Office (transfer) R 461
- Conveyancing (est., incl. VAT) R 14 823
- Deeds lodgement R 52
- Total indicative R 545 336
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
Total paid over 20 years (deposit + repayments): R 1 254 188
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 477 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.