Property
South Africa

4

Beds

3

Baths

1

Parking

260 m²

Floor area

House 4 beds 3 baths 260 m²

About this property

A rare find in the heart of Westville — this beautifully refurbished 4-bedroom home combines modern comfort, generous living space, and exceptional investment potential. Set in a quiet cul-de-sac within the secure Cowies Hill Virtual Estate, the property forms part of a small two-unit sectional title complex (Knoetzie) and offers a compelling blend of lifestyle and income appeal.

The home spans approximately 260 m² of internal floor area and is presented in move-in-ready condition following a recent renovation. The expansive lounge features a Jetmaster gas fireplace and elegant parquet flooring, while a separate dining room and enclosed courtyard provide easy day-to-day family living. The modern fitted kitchen is equipped with double ovens, an extractor fan, ample cupboard space, and plumbing for appliances. A generous enclosed verandah with sliding doors opens onto a covered braai and alfresco entertainment area — visible in the photos as a large white-latticed pergola patio — overlooking a level, well-established garden lush with mature trees, manicured lawn, rose bushes, banana palms, and dense hedge screening for privacy.

The main bedroom is a spacious retreat with air-conditioning, a modern en-suite bathroom, abundant cupboard space, and a private storeroom. Three further bedrooms are served by two additional bathrooms — one with a full family bath and one with a shower. Four garages are listed, reflecting generous covered parking and/or outbuilding accommodation.

Each unit in the complex holds an ownership share in an outbuilding currently generating R8,100 per month rental income, and a share in undeveloped land zoned and suitable for two additional future homes — exceptional development potential in a sought-after suburb. The property is fully fenced with a gated entrance and alarm system. Prepaid water and electricity are in place.

The Pavilion Shopping Centre is less than 500 m away (straight-line), with a wide variety of restaurants and retailers on your doorstep. Westville Junior, Senior Primary, and Girls' High School are within walking distance, while Boys' High is within 2 km. UKZN's campuses and the Durban beachfront are approximately 15 km away.

Rooms & layout

Bedroom × 4
Bathroom × 3
Lounge
Dining Room
Kitchen
Enclosed Verandah / Braai Area
Enclosed Courtyard
Garage (x4)

Features & amenities

Gas fireplaceParquet flooringDouble oven kitchenAir conditioningEn suite bathroomCovered pergola patioBraai areaMature landscaped gardenAlarm systemGated access

Price & ownership

Asking price R 3 000 000
Price per m² R 11 538
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 3M
Taxes + legal + admin fees R 161,1K

Rough split: 94.9% purchase price, 5.1% buying costs.

  • Asking price R 3 000 000
  • Transfer duty (est.) R 107 356
  • Deeds Office (transfer) R 2 607
  • Conveyancing (est., incl. VAT) R 51 125
  • Deeds lodgement R 52
  • Total indicative R 3 161 140

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 28 330 /month

Total paid over 20 years (deposit + repayments): R 7 099 179

Deposit 10% · R 300 000
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 2 700 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 3 000 000