Property
South Africa

2

Beds

1

Baths

68 m²

Floor area

Apartment 2 beds 1 bath 68 m²

About this property

CASH BUYERS ONLY – SHARE BLOCK | Durban Central

Located on the second floor of a characterful multi-storey share-block building in the heart of Durban Central, this 68 m² apartment offers an accessible entry point into the city-centre property market at an asking price of R250 000.

The unit comprises one bedroom with built-in cupboards, an open lounge and dining area (the dining area doubles conveniently as a second bedroom), a compact kitchen with built-in cupboards and basin, and a bathroom fitted with a bathtub, hand-wash basin, toilet and cupboard. Floors throughout are fully tiled.

The building's distinctive pale-blue rendered façade features ornate wrought-iron security gates over arched ground-floor openings and decorative lattice balconies on the upper levels, giving it a heritage character that stands out on the streetscape. A rear elevation provides additional ventilation through louvred windows. The ground-floor entrance colonnade, identified as Pioneer Lodge, houses a staffed 24-hour security point.

Water is included in the levy; electricity is prepaid. There is no on-site parking (residents may use Coastlands Hotel opposite at own cost). Please note that the building's lift is currently out of service.

The location is exceptionally well-served: Medicross Durban Central is roughly 48 m away, a G7 Cash & Carry supermarket is within 70 m, and multiple tertiary institutions — including Siyaphumelela Institute and Thekwini City College — are within easy walking distance, making this unit particularly suitable for student accommodation investors or first-time buyers seeking a foothold in the Durban CBD.

Rooms & layout

Bedroom × 2
Lounge
Kitchen
Bathroom

Features & amenities

SecurityCity centreNear beachTiled floorsBuilt in cupboards24/7 security24/7 security guardWrought iron security gatesShare blockPrepaid electricity

Price & ownership

Asking price R 250 000
Price per m² R 3 676
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 250K
Taxes + legal + admin fees R 10,6K

Rough split: 95.9% purchase price, 4.1% buying costs.

  • Asking price R 250 000
  • Deeds Office (transfer) R 434
  • Conveyancing (est., incl. VAT) R 10 163
  • Deeds lodgement R 52
  • Total indicative R 260 649

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 2 361 /month

Total paid over 20 years (deposit + repayments): R 591 598

Deposit 10% · R 25 000
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 225 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 250 000