Sale
South Africa

2

Beds

2

Baths

2

Parking

120 m²

Floor area

Apartment 2 beds 2 baths 120 m²

About this property

Overview

Absolute value for money, this spacious 2-bedroom, 2-bathroom apartment offers exceptional affordability and lifestyle benefits. Ideal as a holiday apartment or a retirement unit with affordable levies.

Features

  • 2 bedrooms and 2 bathrooms
  • First-floor unit with 15-foot-wide balcony — perfect for entertainment and relaxing
  • Sea views from the balcony
  • Connected water tank
  • Communal braai area
  • Swimming pool
  • Exceptional security
  • Furniture optional

Location

Just five minutes to Margate's Main Beach with easy access to all central amenities.

Rooms & layout

Bedroom × 2
Bathroom × 2
Kitchen
Lounge
Balcony
Garage × 2

Features & amenities

Sea viewsSwimming poolCommunal braai areaSecurityBalconyWater tankFirst floor

Price & ownership

Asking price R 820 000
Price per m² R 6 833
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 820K
Taxes + legal + admin fees R 19,9K

Rough split: 97.6% purchase price, 2.4% buying costs.

  • Asking price R 820 000
  • Deeds Office (transfer) R 713
  • Conveyancing (est., incl. VAT) R 19 159
  • Deeds lodgement R 52
  • Total indicative R 839 924

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 7 744 /month

Total paid over 20 years (deposit + repayments): R 1 940 442

Deposit 10% · R 82 000
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 738 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.