Sale
South Africa

2

Beds

1

Baths

2

Parking

97 m²

Floor area

9,063 m²

Stand size

Apartment 2 beds 1 bath 97 m²

About this property

Overview

Discover comfortable coastal living in this well-appointed 2-bedroom, 1-bathroom apartment located within a secure complex in Margate. Spanning 97 square meters, this residential property offers a practical layout designed for ease and enjoyment.

Property Features

  • Dedicated lounge and dining room with ample space for relaxation and entertaining
  • Functional kitchen with all essential appliances for daily living
  • Two comfortable bedrooms
  • Single bathroom
  • Single lock-up garage and additional parking space
  • Scenic coastal view

Complex Amenities

  • Communal swimming pool set within beautifully maintained gardens
  • Communal braai area for social gatherings
  • Access gate and security gate for enhanced security
  • Large erf of 9,063 square meters providing a spacious environment

Additional Features

  • Wheelchair friendly for enhanced accessibility
  • Paving throughout
  • Borehole and water tanks for water resilience and sustainability
  • Ideally situated for coastal living and aquatic activities

Rooms & layout

Bedroom × 2
Bathroom
Kitchen
Lounge
Dining Room
Garage × 2

Features & amenities

poolgardensecuritybraaiscenic viewswheelchair friendlysecure complexboreholewater tankscoastal living

Price & ownership

Asking price R 620 000
Price per m² R 6 392
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 620K
Taxes + legal + admin fees R 16,8K

Rough split: 97.4% purchase price, 2.6% buying costs.

  • Asking price R 620 000
  • Deeds Office (transfer) R 539
  • Conveyancing (est., incl. VAT) R 16 169
  • Deeds lodgement R 52
  • Total indicative R 636 760

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 5 855 /month

Total paid over 20 years (deposit + repayments): R 1 467 164

Deposit 10% · R 62 000
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 558 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.