Property
South Africa

2

Beds

1

Baths

1

Parking

103 m²

Floor area

Apartment 2 beds 1 bath 103 m²

About this property

Overview

An excellent investment opportunity awaits in the heart of Berea, Johannesburg. This spacious 2-bedroom, 1-bathroom apartment is situated on the 3rd floor and offers generous proportions throughout.

Features

Main Apartment

  • Entrance hall opening into a separate kitchen
  • Ample cupboard space and appliance connections
  • Movable four-plate electric stove
  • Expansive living room comfortably accommodating both lounge and dining furniture
  • Both sunrise and sunset warmth, ideal for colder days
  • Sun-facing private balcony
  • Two well-sized bedrooms filled with natural light
  • Built-in wardrobes in both bedrooms
  • Separate bathtub and basin room
  • Separate toilet

Building & Additional Features

  • Dedicated parking space included
  • Additional separate staff accommodation currently leased, generating extra rental income
  • Lifts and staircases for easy access to all floors
  • Unhindered view of the horizon

Location

Ideally located close to the inner city, this property is perfect for portfolio-building investors or first-time buyers.

Rooms & layout

Bedroom × 2
Bathroom
Kitchen
Lounge
Dining Room
Staff Accommodation
Garage

Features & amenities

BalconyBuilt in wardrobesParkingInvestment propertyRental incomeLiftsCity views

Price & ownership

Asking price R 290 000
Price per m² R 2 816
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 290K
Taxes + legal + admin fees R 11,3K

Rough split: 96.2% purchase price, 3.8% buying costs.

  • Asking price R 290 000
  • Deeds Office (transfer) R 434
  • Conveyancing (est., incl. VAT) R 10 837
  • Deeds lodgement R 52
  • Total indicative R 301 323

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 2 739 /month

Total paid over 20 years (deposit + repayments): R 686 254

Deposit 10% · R 29 000
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 261 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 290 000