Sale
South Africa

10

Beds

5

Baths

5

Parking

560 m²

Floor area

House 10 beds 5 baths 560 m²

About this property

Investment opportunity located in Phoenix, opposite Gandhi Hospital, making it an ideal location for nurses and hospital employees. Complete multi-unit residential complex currently yielding R31,500 rental income. The complex comprises 4 x 2-bedroom units (52–59 m² each) and 1 freestanding house (60 m²). Features include 3-phase power, 5 municipal water meters with bulk meter feed, 5 prepaid electricity meters, fully fenced perimeter, fully tenanted at R31,500 monthly rental (no increase this year), and parking for all units.

Rooms & layout

Bedroom × 10
Bathroom × 5
Room × 5
Garage × 5

Features & amenities

Investment propertyMulti unit complexFully tenantedFenced3 phase powerPrepaid electricityParking

Price & ownership

Asking price R 3 300 000
Price per m² R 5 893
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 3,3M
Taxes + legal + admin fees R 198,2K

Rough split: 94.3% purchase price, 5.7% buying costs.

  • Asking price R 3 300 000
  • Transfer duty (est.) R 140 356
  • Deeds Office (transfer) R 2 868
  • Conveyancing (est., incl. VAT) R 54 905
  • Deeds lodgement R 52
  • Total indicative R 3 498 181

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 31 163 /month

Total paid over 20 years (deposit + repayments): R 7 809 097

Deposit 10% · R 330 000
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 2 970 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.