Property
South Africa

3

Beds

1

Baths

200 m²

Floor area

House 3 beds 1 bath 200 m²

About this property

New Development Homes in Soshanguve – Affordable Prices with FLISP Subsidy Support

Experience the perfect blend of affordability and modern living in this exciting new residential development in Soshanguve. These quality-built homes are designed for first-time buyers and qualify for the First Home Finance (FLISP) subsidy, a government initiative that makes homeownership more accessible for low to middle-income earners.

By using FLISP, you could receive a substantial subsidy that reduces your total home loan — or helps cover costs like deposits, legal fees, or bond registration.

This 3 bedroom house is a quality-built new development home available at R619,000 (or from R559,000 with FLISP subsidy).

Rooms & layout

Bedroom × 3
Bathroom

Features & amenities

New developmentAffordable housingFLISP eligibleFirst time buyerModern living

Price & ownership

Asking price R 650 000
Price per m² R 3 250
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 650K
Taxes + legal + admin fees R 17,2K

Rough split: 97.4% purchase price, 2.6% buying costs.

  • Asking price R 650 000
  • Deeds Office (transfer) R 565
  • Conveyancing (est., incl. VAT) R 16 618
  • Deeds lodgement R 52
  • Total indicative R 667 235

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 6 138 /month

Total paid over 20 years (deposit + repayments): R 1 538 155

Deposit 10% · R 65 000
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 585 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 650 000