Sale
South Africa

2

Beds

2

Baths

1

Parking

8,490 m²

Floor area

8,490 m²

Stand size

Apartment 2 beds 2 baths 8,490 m²

About this property

Experience effortless coastal elegance in this pristine, fully furnished two-bedroom, two-bathroom apartment perfectly positioned in the sought-after heart of Margate.

Thoughtfully designed with modern living in mind, the open-plan layout seamlessly connects the contemporary kitchen to the light-filled lounge, which flows out onto a private balcony boasting captivating sea views. A built-in braai enhances the outdoor space, creating the perfect setting for relaxed entertaining or tranquil sunset moments.

Recently repainted and impeccably maintained, this "move-in-ready" residence offers a stylish, refreshing interior that requires no further attention. The unit includes one secure undercover parking bay, with additional visitors' parking conveniently available upon request.

The well-established complex enhances your lifestyle with a range of quality amenities, including a sparkling communal pool, games room, and neatly maintained outdoor areas — ideal for both leisure and family enjoyment. Positioned within walking distance of the beach, local shops, and popular eateries, this apartment offers exceptional convenience and coastal charm.

Whether you're looking for an idyllic holiday escape, a strong Airbnb investment opportunity, or a peaceful permanent home by the sea, this property delivers on every level.

Rooms & layout

Bedroom × 2
Bathroom × 2
Ensuite
Kitchen
Lounge
Balcony
Garage

Features & amenities

furnishedsea viewsbalconybraaipoolgames roomparkingbeach accessundercover parking

Price & ownership

Asking price R 1 000 000
Price per m² R 118
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 1M
Taxes + legal + admin fees R 22,8K

Rough split: 97.8% purchase price, 2.2% buying costs.

  • Asking price R 1 000 000
  • Deeds Office (transfer) R 869
  • Conveyancing (est., incl. VAT) R 21 850
  • Deeds lodgement R 52
  • Total indicative R 1 022 771

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 9 443 /month

Total paid over 20 years (deposit + repayments): R 2 366 393

Deposit 10% · R 100 000
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 900 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.