Property
South Africa

5

Beds

2

Baths

9

Parking

2,630 m²

Floor area

2,630 m²

Stand size

House 5 beds 2 baths 2,630 m²

About this property

Overview

This substantial 5-bedroom, 2-bathroom residence in West Hill, Grahamstown presents a unique renovation opportunity. Set on a generous 2,630 sqm erf, this property offers a functional layout ready for modern updates.

Inside

A comfortable lounge and kitchen await transformation. Interior highlights include original parquet flooring and charming wooden slatted ceilings, hinting at classic character.

Outdoors & Amenities

The expansive garden boasts mature trees, providing privacy. A detached garage and ample parking for 8 vehicles cater to practical needs. Enjoy scenic views from this home.

Security Features

  • Electric fencing
  • Alarm system
  • Access gates
  • Burglar bars
  • Security gates

Additional Features

  • Water tanks
  • Two-bedroom cottage (R8,000 rental income per month)
  • Current rental income: R25,500 per month

This property offers so much opportunity for the right buyer.

Rooms & layout

Bedroom × 5
Bathroom × 2
Kitchen
Lounge
Garage × 9

Features & amenities

GardenMature treesSecurityElectric fencingAlarm systemBurglar barsSecurity gatesWater tanksCottageAmple parking

Price & ownership

Asking price R 2 250 000
Price per m² R 856
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 2,3M
Taxes + legal + admin fees R 92,5K

Rough split: 96.1% purchase price, 3.9% buying costs.

  • Asking price R 2 250 000
  • Transfer duty (est.) R 48 786
  • Deeds Office (transfer) R 1 955
  • Conveyancing (est., incl. VAT) R 41 675
  • Deeds lodgement R 52
  • Total indicative R 2 342 468

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 21 247 /month

Total paid over 20 years (deposit + repayments): R 5 324 384

Deposit 10% · R 225 000
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 2 025 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 2 250 000