Property
South Africa

2

Beds

2

Baths

1

Parking

88 m²

Floor area

Apartment 2 beds 2 baths 88 m²

About this property

Online Auction Details:

Starting Bid: R 720 000-00

Auction Date: Thursday, 9 April 2026 from 12h00 to 14h00

Viewing: By Appointment

This inviting apartment in the well-established SS The Summit complex offers an excellent opportunity for comfortable living or a smart investment in the popular Winchester Hills suburb.

The unit comprises two bedrooms and two bathrooms, with an open-plan lounge and kitchen that flow seamlessly into a balcony with a very nice view.

This apartment offers a practical and low-maintenance lifestyle, ideal for those seeking convenience without the hassle of extensive upkeep.

The complex enjoys a prime location close to shopping centres, schools, and major transport routes, making it suitable for first-time buyers, young professionals, small families, or investors seeking solid rental appeal.

A well-balanced property combining indoor comfort with convenient access and scenic views in a secure and popular estate. A very attractive opportunity to acquire this property at an excellent starting price.

Important Information:

  • Seller will settle outstanding Rates and Taxes
  • Buyer to provide the required COC's (Certificates of Compliance)
  • 10% Deposit payable on the fall of the hammer
  • 30 Days for Guarantees

Rooms & layout

Bedroom × 2
Bathroom × 2
Lounge
Kitchen
Balcony
Garage

Features & amenities

ApartmentAuctionSecure estateBalconyOpen plan kitchen and loungeViewsLow maintenance

Price & ownership

Asking price R 760 000
Price per m² R 8 636
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 760K
Taxes + legal + admin fees R 19K

Rough split: 97.6% purchase price, 2.4% buying costs.

  • Asking price R 760 000
  • Deeds Office (transfer) R 660
  • Conveyancing (est., incl. VAT) R 18 262
  • Deeds lodgement R 52
  • Total indicative R 778 974

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 7 177 /month

Total paid over 20 years (deposit + repayments): R 1 798 459

Deposit 10% · R 76 000
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 684 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 760 000