Property
South Africa

2

Beds

1

Baths

991 m²

Floor area

995 m²

Stand size

Apartment 2 beds 2 baths 991 m²

About this property

A contemporary new development on Currie Road in the sought-after suburb of Essenwood/Musgrave, Durban, comprising 11 units set on a 995 m² plot. The development offers three distinct unit types to suit a range of buyers:

2-Bedroom Units (6 available) – from R 1,999,000: Each unit offers 90 m² of internal living space, featuring an en-suite main bedroom, a second bedroom served by a common bathroom, and a generous open-plan kitchen, lounge, and dining area. Finishes are of a notably high standard, including large-format porcelain tiles, Hans Grohe taps, rain showers, ducted air conditioning, and a sleek kitchen fitted with two-tone gloss cabinetry, quartz countertops, a ceramic hob, under-counter oven, and extractor. Each unit comes with one dedicated parking bay.

Garden Units (3 available) – from R 2,099,000: Sharing the same 90 m² layout and finishes as the 2-bedroom units, these ground-floor apartments enjoy a private garden area of approximately 40 m², offering an outdoor lifestyle rarely found in apartment living. One parking bay included.

Double-Storey 3-Bedroom Shell Apartments (2 available) – R 2,799,000: Substantial duplex units spanning 242 m² (121 m² per floor). The lower level accommodates the bedrooms and bathrooms; the upper level hosts the kitchen, lounge, dining area, and a guest toilet. Two parking bays included. These are offered as shells, allowing buyers to specify their own finishes.

Building-wide amenities include 24-hour security, a passenger lift, and prepaid electricity and water meters. The development is ideally positioned: Durban Girls' College is virtually on the doorstep (approx. 66 m), Maris Stella School for Girls is within 275 m, and Checkers Foods Cowey Park supermarket is roughly 600 m away — making this an outstanding location for families and investors alike.

Rooms & layout

Open-plan kitchen / lounge / dining area
Bedroom × 2
Common bathroom
Private garden (garden units)
Guest toilet (duplex units)
Parking bay

Features & amenities

New developmentHigh end finishesHans grohe tapsRain showerQuartz countertopsTwo tone gloss cabinetryCeramic hob & under counter ovenDucted air conditioningLarge format porcelain tilesPrivate garden option

Price & ownership

Asking price R 20 400 000
Price per m² R 20 585
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 20,4M
Taxes + legal + admin fees R 2,3M

Rough split: 89.7% purchase price, 10.3% buying costs.

  • Asking price R 20 400 000
  • Transfer duty (est.) R 2 163 156
  • Deeds Office (transfer) R 7 751
  • Conveyancing (est., incl. VAT) R 167 709
  • Deeds lodgement R 52
  • Total indicative R 22 738 668

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 192 643 /month

Total paid over 20 years (deposit + repayments): R 48 274 417

Deposit 10% · R 2 040 000
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 18 360 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 20 400 000