Property
South Africa

3

Beds

1

Baths

116 m²

Floor area

House 3 beds 1 bath 116 m²

About this property

Come and view this amazing investment opportunity situated in a small block called Kondoa. Property consists of three bedrooms with built in cupboards (two of the bedrooms are double sized bedrooms and the third one is a single room), lounge area, kitchen and a full bathroom. This is a perfectly located group floor unit. Ideal for accredited student accommodation.

Amenities: • 300 meters from NMU shuttle stop • 600 meters from PE college • 300 meters from Spar • 200 meters from public transport

Rooms & layout

Bedroom × 3
Bathroom
Lounge
Kitchen

Features & amenities

Student accommodationBuilt in cupboardsGround floor unitInvestment opportunityNear NMUNear PE college

Price & ownership

Asking price R 510 000
Price per m² R 4 397
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 510K
Taxes + legal + admin fees R 15K

Rough split: 97.1% purchase price, 2.9% buying costs.

  • Asking price R 510 000
  • Deeds Office (transfer) R 443
  • Conveyancing (est., incl. VAT) R 14 524
  • Deeds lodgement R 52
  • Total indicative R 525 019

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 4 816 /month

Total paid over 20 years (deposit + repayments): R 1 206 860

Deposit 10% · R 51 000
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 459 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 510 000