Property
South Africa

2

Beds

1

Baths

1

Parking

Apartment 2 beds 1 bath

About this property

Situated on the second floor of the well-managed Magister Court — a boutique complex of only six units in sought-after Glenwood, Durban — this move-in-ready apartment offers an appealing blend of classic character and practical comfort. Two generously sized bedrooms are each fitted with air-conditioning and built-in cupboards; gleaming original parquet wooden floors flow throughout the apartment, adding timeless warmth. The expansive lounge and dining area provides an open-plan living space, while a separate, fully fitted kitchen keeps entertaining easy. The bathroom is equipped with a bath and overhead shower. Parking is well catered for with a secure garage plus an additional open bay, accessed via controlled entry with reliable on-site security. Kingsley Gardens park is roughly 110 m away, and The Glenwood Bakery is just 145 m up the road — with Berea Centre shopping mall approximately 530 m away, daily conveniences are effortlessly within reach. An excellent opportunity for investors or first-time buyers.

Rooms & layout

Bedroom × 2
Bathroom
Kitchen
Lounge
Dining Room
Garage
Open Parking Bay

Features & amenities

Air conditioningBuilt in cupboardsFully fitted kitchenWooden floorsSecure garageControlled entrySecurityOpen plan livingParquet wooden floorsOpen parking bay

Price & ownership

Asking price R 870 000
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 870K
Taxes + legal + admin fees R 20,7K

Rough split: 97.7% purchase price, 2.3% buying costs.

  • Asking price R 870 000
  • Deeds Office (transfer) R 756
  • Conveyancing (est., incl. VAT) R 19 907
  • Deeds lodgement R 52
  • Total indicative R 890 715

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 8 216 /month

Total paid over 20 years (deposit + repayments): R 2 058 762

Deposit 10% · R 87 000
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 783 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 870 000