Property
South Africa

2

Beds

2

Baths

1

Parking

63 m²

Floor area

Apartment 2 beds 2 baths 63 m²

About this property

Overview

Introducing Palm Beach Villas – a private residential development offering quality, comfort, and style in the heart of Ferndale. With just 20 well-designed apartments, this exclusive complex provides a unique chance to enjoy contemporary living in a quiet, well-connected setting.

Features

  • 2 bedrooms, 2 bathrooms – spacious interiors ideal for young professionals, couples, or small families
  • Modern open-plan kitchen with gas hob and electric oven
  • Kitchen accommodation for up to three appliances
  • Dedicated covered parking for each unit – convenience and added security

Each apartment strikes the perfect balance between elegance and everyday practicality.

Rooms & layout

Bedroom × 2
Bathroom × 2
Kitchen
Lounge
Parking
Garage

Features & amenities

Covered parkingOpen plan kitchenSecurityModern finishesGas hobElectric oven

Price & ownership

Asking price R 1 150 000
Price per m² R 18 254
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 1,2M
Taxes + legal + admin fees R 25,5K

Rough split: 97.8% purchase price, 2.2% buying costs.

  • Asking price R 1 150 000
  • Deeds Office (transfer) R 999
  • Conveyancing (est., incl. VAT) R 24 437
  • Deeds lodgement R 52
  • Total indicative R 1 175 488

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 10 860 /month

Total paid over 20 years (deposit + repayments): R 2 721 352

Deposit 10% · R 115 000
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 1 035 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 1 150 000