Sale
South Africa

2

Beds

2

Baths

2

Parking

Apartment 2 beds 2 baths

About this property

This beautiful 2-bedroom, 2-bathroom apartment in Margate offers both comfort and convenience, located just a 2-minute drive from the popular Margate Blue Flag Beach. The apartment is situated in a well-maintained complex, close to schools, hospitals, and shopping centres. The main bedroom features built-in wardrobes and a newly renovated en suite bathroom with a modern shower. The second bedroom has spacious built-in cupboards and a newly renovated en-suite bathroom, making it ideal for guests or family. The open-plan kitchen is fitted with built-in cupboards, an under-counter oven and hob, and a peninsula that flows into the lounge and dining area. The living space opens up to a covered patio, perfect for relaxing or entertaining, complete with a built-in braai area. This apartment is ideal for comfortable living or as a holiday retreat. The complex is clean and secure, with beautifully maintained surroundings. Whether you're looking for a permanent home or a coastal investment, this apartment ticks all the boxes.

Rooms & layout

Bedroom × 2
Bathroom × 2
Kitchen
Lounge
Dining Room
Patio
Garage × 2

Features & amenities

Built in wardrobesEn suite bathroomsModern showerCovered patioBraai areaOpen plan kitchenBuilt in cupboardsUnder counter oven and hobWell maintained complexSecure

Price & ownership

Asking price R 1 400 000
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 1,4M
Taxes + legal + admin fees R 35,7K

Rough split: 97.5% purchase price, 2.5% buying costs.

  • Asking price R 1 400 000
  • Transfer duty (est.) R 5 700
  • Deeds Office (transfer) R 1 217
  • Conveyancing (est., incl. VAT) R 28 750
  • Deeds lodgement R 52
  • Total indicative R 1 435 719

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 13 221 /month

Total paid over 20 years (deposit + repayments): R 3 312 950

Deposit 10% · R 140 000
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 1 260 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

© 2026 Fermain Pty Ltd, trading as Yagr.