Sale
South Africa

1

Beds

1

Baths

42 m²

Floor area

Apartment 1 bed 1 bath 42 m²

About this property

Exclusive sole mandate. This well-kept, comfortable studio apartment in the heart of Plumstead feels warm and welcoming from the moment you walk in. The standout feature is the expansive lounge and bedroom area with large windows and direct access to a private balcony.

The kitchen and bathroom have both been updated with modern flooring and a fresh coat of paint. The main living area features beautiful, warm parquet wood flooring, which adds a classic touch to the home. Recent updates include new windows in both the kitchen and bathroom. A washing machine and bar fridge are included in the sale.

Security and Building Details: The apartment is located in a well-maintained building with a security gate and a recently serviced alarm system. The building is protected by perimeter security fencing, and common areas are monitored by a professional security company. The apartment feels very private and sheltered from the street, creating a calm and peaceful environment.

No parking inside the complex; street parking is available just outside the building.

Location: The area supports a very walkable lifestyle with easy access to local shops, 3Arts Village Shopping Centre, public transport (buses, taxis, and train station). Ideal for those seeking convenience and pedestrian-friendly living.

Rooms & layout

Bedroom
Bathroom
Lounge
Kitchen
Balcony

Features & amenities

private balconysecurity gatealarm systemperimeter securityparquet flooringupdated kitchenupdated bathroomwalkable lifestylemove-in readyinvestment opportunity

Price & ownership

Asking price R 1 050 000
Price per m² R 25 000
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 1,1M
Taxes + legal + admin fees R 23,7K

Rough split: 97.8% purchase price, 2.2% buying costs.

  • Asking price R 1 050 000
  • Deeds Office (transfer) R 912
  • Conveyancing (est., incl. VAT) R 22 713
  • Deeds lodgement R 52
  • Total indicative R 1 073 677

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 9 915 /month

Total paid over 20 years (deposit + repayments): R 2 484 713

Deposit 10% · R 105 000
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 945 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.