Property
South Africa

3

Beds

2

Baths

83 m²

Floor area

Apartment 3 beds 2 baths 83 m²

About this property

Situated in the well-maintained Shiraz 93 complex on Palmiet, Durban, this three-bedroom simplex offers a practical and comfortable layout ideal for families or investors. The open-plan lounge and dining area flow seamlessly from the semi-open-plan kitchen, which features an abundance of white cabinetry, dark granite-effect countertops and a double sink — all in excellent condition. The tiled lounge is bright and spacious, framed by an attractive arched divider and ample natural light from a front-facing window.

The main bedroom benefits from a private en-suite bathroom with shower, toilet and handbasin, while a second family bathroom serves the remaining two bedrooms with a bathtub, hand-held shower, toilet and handbasin. Please note that the bedrooms are without built-in cupboards and the kitchen is plumbed for a stove but does not include one.

The unit is covered by a double carport. The complex is secured with electric access gates and small pets are welcome. Lush tropical landscaping at the entrance creates a welcoming kerb appeal.

Conveniently located within walking distance of Little Bratz Montessori & Day Care (±231 m), S.M. Jhavary Primary School (±458 m) and Palmiet Primary School (±888 m), making this an attractive option for young families. Everyday conveniences are immediately at hand, with takeaways and a superette within 500 m.

Rooms & layout

Bedroom × 3
Bathroom × 2
Kitchen
Lounge
Dining Area
Carport

Features & amenities

Pet friendlyElectric gatesSecuritySimplexTiled loungeEn suiteOpen planOpen plan loungeTiled floorsWhite kitchen

Price & ownership

Asking price R 620 000
Price per m² R 7 470
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 620K
Taxes + legal + admin fees R 16,8K

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

  • Asking price R 620 000
  • Deeds Office (transfer) R 539
  • Conveyancing (est., incl. VAT) R 16 169
  • Deeds lodgement R 52
  • Total indicative R 636 760

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 5 855 /month

Total paid over 20 years (deposit + repayments): R 1 467 164

Deposit 10% · R 62 000
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 558 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 620 000