4
Beds
4
Baths
10
Parking
883 m²
Floor area
About this property
A rare and versatile double-storey investment property in the heart of Sparks Estate, Durban, offering 883 m² of fully tiled floor space across four self-contained living suites — two on each level. Each suite functions as a luxury bachelor-style retreat, complete with its own open-plan kitchen, private lounge and dining area, dedicated bedroom with built-in cupboards, and en-suite bathroom. Upper-level suites open onto private balconies, while ground-floor suites enjoy direct garden access.
Currently operating as fully NSFAS-certified student accommodation, the property generates consistent rental income while remaining equally suited to multi-generational family living or continued high-yield investment. The exterior presents a classic double-storey red brick and plastered finish with an established lawn and mature trees to the front. A separate cream-plastered outbuilding to the rear provides additional accommodation or utility space, serviced by a large paved courtyard with drainage and ample parking for close to ten vehicles.
Security is well considered, with razor-wire perimeter fencing, security gates on all entrance doors, and burglar bars on windows throughout. The covered front verandah features a tiled floor, white balustrade, and security trellis doors, providing a welcoming yet secure entry point.
The location is outstanding for student and family living alike: Bechet High School is approximately 180 m away, with St Theresa's R.C. Primary School roughly 260 m distant and multiple preschools within 100 m. The KWIKSPAR on Randles Road and SaveMor are within 460 m, and Dr Jaya Nathoo Medical Centre is approximately 300 m away. Essential day-to-day services are all within easy walking distance.
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: 94.9% purchase price, 5.1% buying costs.
- Asking price R 3 000 000
- Transfer duty (est.) R 107 356
- Deeds Office (transfer) R 2 607
- Conveyancing (est., incl. VAT) R 51 125
- Deeds lodgement R 52
- Total indicative R 3 161 140
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 7 099 179
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 2 700 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.