Apartment for sale

R 740 000

Pelham , Pietermaritzburg , KwaZulu-Natal

Beds

Baths

Parking

120 m²

Floor area

Apartment 2 beds 1 bath 120 m²

About this property

This spacious 120 sqm apartment is ideally located in the sought-after Pelham area and offers two well-sized bedrooms, a comfortable lounge, a fitted kitchen, a study, and a bathroom. Situated on the 6th floor, the unit enjoys elevated views and excellent natural light. Additional features include a single garage and secure, gate-controlled access, ensuring peace of mind in this well-managed and supervised complex.

Rooms & layout

Bedroom × 2

Bathroom

Lounge

Kitchen

Study

Garage × 2

Features & amenities

Secure gate controlled accessWell managed complexElevated viewsNatural lightFitted kitchen

Price & ownership

Asking price R 740 000

Price per m² R 6 167

Municipal valuation -

Cost to buy (indicative)

Including bond costs

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 740K

Taxes + legal + admin fees R 18,7K

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

Asking price R 740 000
Deeds Office (transfer) R 643
Conveyancing (est., incl. VAT) R 17 963
Deeds lodgement R 52
Total indicative R 758 658

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 6 988 /month

Total paid over 20 years (deposit + repayments): R 1 751 131

Deposit 10% · R 74 000

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 666 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.