Property
South Africa

2

Beds

1

Baths

3

Parking

1,191 m²

Floor area

1,191 m²

Stand size

Apartment 2 beds 1 bath 1,191 m²

About this property

Delightful cottage-style home perfectly positioned in the sought-after holiday village of Colchester, just a short 20 minute drive from Port Elizabeth. Offering a peaceful lifestyle close to the Sundays River, this property is ideal as a retirement retreat or a relaxed holiday getaway for those who love boating, fishing, and water skiing.

The main dwelling features two comfortable bedrooms, an open-plan living area with air-conditioning and modern convenience, inverter system for reliable power backup, spacious garaging plus a carport for additional parking, water tanks and an alarm system for security and sustainability.

The property includes a self-contained bachelor flat at the back, complete with its own tandem carport — perfect for extended family, guests, or as a potential rental income opportunity.

Whether you are seeking a peaceful riverside lifestyle or a lock-up-and-go holiday home, this property offers comfort, versatility, and value in a tranquil village setting.

Rooms & layout

Bedroom × 2
Bathroom
Open-plan Living Area
Room × 2
Garage × 3

Features & amenities

Cottage styleRiversideAir conditioningInverter systemGaragingCarportWater tanksAlarm systemBachelor flatRental income potential

Price & ownership

Asking price R 1 800 000
Price per m² R 1 511
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 1,8M
Taxes + legal + admin fees R 58,7K

Rough split: 96.8% purchase price, 3.2% buying costs.

  • Asking price R 1 800 000
  • Transfer duty (est.) R 21 786
  • Deeds Office (transfer) R 1 564
  • Conveyancing (est., incl. VAT) R 35 305
  • Deeds lodgement R 52
  • Total indicative R 1 858 707

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 16 998 /month

Total paid over 20 years (deposit + repayments): R 4 259 507

Deposit 10% · R 180 000
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 1 620 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 1 800 000