Sale
South Africa

4

Beds

4

Baths

10

Parking

883 m²

Floor area

House 4 beds 4 baths 883 m²

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

Bedroom × 4
Bathroom × 4
Kitchen × 4
Living room × 4
Dining room × 4
Room × 2
Parking / Courtyard
Garage × 10

Features & amenities

student accommodationself contained suitesbalconyfully tiledparkingdouble storyinvestment propertysecurensfas certified student accommodationbalconies

Price & ownership

Asking price R 3 000 000
Price per m² R 3 398
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 3M
Taxes + legal + admin fees R 161,1K

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

R 28 330 /month

Total paid over 20 years (deposit + repayments): R 7 099 179

Deposit 10% · R 300 000
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 2 700 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.