Property
South Africa

2

Beds

1

Baths

1

Parking

44 m²

Floor area

Apartment 2 beds 1 bath 44 m²

About this property

Overview

Situated in the well-established suburb of Mulbarton, this 44m² sectional title apartment offers an excellent opportunity for first-time buyers, young families, or investors seeking affordable property in a high-demand residential area.

Property Features

  • Lounge & Family Room: Comfortable open-plan living space for everyday relaxation
  • Kitchen: Modern finishes with granite countertops, double sink, storage cupboards, freestanding stove, and dedicated washing machine connection
  • Bedrooms: 2 bedrooms, each with built-in cupboards for organized storage
  • Security: Burglar bars for added protection
  • Energy Efficiency: Solar geyser to reduce monthly electricity costs
  • Parking: Covered parking available
  • Access: Controlled access gate for security
  • Pet-Friendly: Suitable for pet owners

Community & Management

The property is part of a managed sectional title development governed by an HOA, offering structured community management, access control, and compliance standards designed to maintain property value and residential security.

Location & Proximity

Located approximately 20 minutes from Johannesburg CBD, the property offers easy access to:

  • Schools
  • Shopping centres
  • Public transport routes
  • Medical facilities

Rooms & layout

Bedroom × 2
Bathroom
Lounge
Kitchen
Garage

Features & amenities

Sectional titleBuilt in cupboardsOpen plan loungeGranite countertopsSolar geyserBurglar barsCovered parkingAccess gatePet friendlyEnergy efficient

Price & ownership

Asking price R 720 000
Price per m² R 16 364
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 720K
Taxes + legal + admin fees R 18,3K

Rough split: 97.5% purchase price, 2.5% buying costs.

  • Asking price R 720 000
  • Deeds Office (transfer) R 626
  • Conveyancing (est., incl. VAT) R 17 664
  • Deeds lodgement R 52
  • Total indicative R 738 342

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 6 799 /month

Total paid over 20 years (deposit + repayments): R 1 703 803

Deposit 10% · R 72 000
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 648 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 720 000