Property
South Africa

2

Beds

1

Baths

249 m²

Floor area

House 2 beds 1 bath 249 m²

About this property

This modest two-bedroom home is situated in the established suburb of Riverlea, Johannesburg, and presents solid potential for the discerning investor or hands-on buyer. The single-storey, face-brick dwelling sits beneath a corrugated-iron roof and is enclosed by a perimeter wall with a gated entrance — providing a secure yard with a grassed front garden.

Inside, the layout is practical: an open-plan lounge and kitchen flow naturally into one another, with white base cabinets, a single-bowl sink, tiled countertop, and space for a freestanding fridge and counter-top appliances. Both the kitchen and lounge are tiled throughout. A central passage connects the two bedrooms and bathroom. The property does require cosmetic renovation — including ceiling repairs and general freshening — making it ideal for those looking to add value.

The location is a genuine drawcard: Colorado Drive Park is virtually on the doorstep (±76 m), the Riverlea Taxi Rank on Colorado Drive is ±286 m away for easy commuting, and Riverlea Primary School as well as Riverlea High School are both within 500 m, making this a convenient choice for families. Highveld Technical College is also within easy reach at approximately 750 m.

Rooms & layout

Bedroom × 2
Bathroom
Kitchen
Lounge
Passage / Hallway

Features & amenities

Renovation opportunityInvestor potentialFace brick constructionCorrugated iron roofPerimeter wallSecurity gateGrassed front yardOpen plan lounge kitchenWhite kitchen cabinetsTiled floors

Price & ownership

Asking price R 570 000
Price per m² R 2 289
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 570K
Taxes + legal + admin fees R 16K

Rough split: 97.3% purchase price, 2.7% buying costs.

  • Asking price R 570 000
  • Deeds Office (transfer) R 495
  • Conveyancing (est., incl. VAT) R 15 421
  • Deeds lodgement R 52
  • Total indicative R 585 968

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 5 383 /month

Total paid over 20 years (deposit + repayments): R 1 348 844

Deposit 10% · R 57 000
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 513 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 570 000