Property
South Africa

2

Beds

1

Baths

1

Parking

60 m²

Floor area

Apartment 2 beds 1 bath 60 m²

About this property

This well-priced 60 m² two-bedroom apartment in a well-established retirement complex in Glenwood, Durban, offers comfortable, easy-living for the discerning retiree. The spacious, light-filled open-plan lounge and dining area features terracotta-tiled floors, a ceiling fan, large windows with sheer curtains, and flows seamlessly into a fitted kitchen complete with white cabinetry, a breakfast bar with bar stools, tiled splashback, and pendant lighting. The master bedroom features a shower en-suite, while a second bedroom provides ample built-in cupboard space. A private garage is included.

The monthly levy of R4 420.20 covers water and electricity, making budgeting predictable and hassle-free. The complex is pet friendly and caters exclusively to residents aged 60 and above, ensuring a peaceful, like-minded community. On-site amenities include a communal laundry, library, communal TV lounge, affordable daily meals, and beautifully maintained communal gardens ideal for relaxed strolls.

The location is exceptionally convenient: Kingsley Gardens park is approximately 111 m away, The Glenwood Bakery is within 145 m, and Berea Centre shopping mall is roughly 500 m from your door — daily errands and leisure are effortlessly close.

Rooms & layout

Bedroom × 2
Bathroom (en-suite)
Kitchen
Lounge
Dining Area
Garage

Features & amenities

Pet friendlyRetirement complexGarageEn suiteOpen plan kitchenLaundry facilitiesCommunal gardensLibraryTV loungeEn suite shower

Price & ownership

Asking price R 540 000
Price per m² R 9 000
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 540K
Taxes + legal + admin fees R 15,5K

Rough split: 97.2% purchase price, 2.8% buying costs.

  • Asking price R 540 000
  • Deeds Office (transfer) R 469
  • Conveyancing (est., incl. VAT) R 14 973
  • Deeds lodgement R 52
  • Total indicative R 555 494

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 5 099 /month

Total paid over 20 years (deposit + repayments): R 1 277 852

Deposit 10% · R 54 000
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 486 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 540 000