Property
South Africa

2

Beds

1

Baths

1

Parking

104 m²

Floor area

Apartment 2 beds 2 baths 104 m²

About this property

This neat and generously sized 104m² north-facing apartment offers excellent value and strong rental potential for investors and first-time buyers alike. Perfectly positioned on the 3rd floor, the unit is bright, airy and well maintained.

Property Features: • 2 spacious bedrooms • 1.5 bathrooms (bath/toilet + separate guest toilet) • Large lounge-turned bedroom • Open balcony • Kitchen • Reception area • 1 basement parking • North-facing with great natural light • Secure building • Prepaid electricity • Potential rental income: ±R6,800 per month (excluding prepaid electricity)

Building & Lifestyle: • Safe and well-managed block • Ideal for young professionals, small families or investors • Quiet part of Berea with a community feel

Location Advantage: Located on Barnato Street, just above Joe Slovo Drive, offering quick access to major transport routes. Berea North is known for being the quieter, more sought-after pocket of the area. All essential amenities are close by, including public transport, shops & supermarkets, schools, and health facilities.

Rooms & layout

Bedroom × 2
Bathroom
Guest Toilet
Lounge
Kitchen
Reception
Garage

Features & amenities

North facingNatural lightSecure buildingBalconyPrepaid electricityBasement parkingInvestment potential

Price & ownership

Asking price R 260 000
Price per m² R 2 500
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 260K
Taxes + legal + admin fees R 10,8K

Rough split: 96.0% purchase price, 4.0% buying costs.

  • Asking price R 260 000
  • Deeds Office (transfer) R 434
  • Conveyancing (est., incl. VAT) R 10 332
  • Deeds lodgement R 52
  • Total indicative R 270 818

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 2 455 /month

Total paid over 20 years (deposit + repayments): R 615 262

Deposit 10% · R 26 000
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 234 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 260 000