Property
South Africa

4

Beds

4

Baths

10

Parking

883 m²

Floor area

House 4 beds 4 baths 883 m²

About this property

A rare and versatile double-storey investment property in the heart of Sparks Estate, Durban, offering 883 m² of fully tiled floor space across four self-contained living suites — two on each level. Each suite functions as a luxury bachelor-style retreat, complete with its own open-plan kitchen, private lounge and dining area, dedicated bedroom with built-in cupboards, and en-suite bathroom. Upper-level suites open onto private balconies, while ground-floor suites enjoy direct garden access.

Currently operating as fully NSFAS-certified student accommodation, the property generates consistent rental income while remaining equally suited to multi-generational family living or continued high-yield investment. The exterior presents a classic double-storey red brick and plastered finish with an established lawn and mature trees to the front. A separate cream-plastered outbuilding to the rear provides additional accommodation or utility space, serviced by a large paved courtyard with drainage and ample parking for close to ten vehicles.

Security is well considered, with razor-wire perimeter fencing, security gates on all entrance doors, and burglar bars on windows throughout. The covered front verandah features a tiled floor, white balustrade, and security trellis doors, providing a welcoming yet secure entry point.

The location is outstanding for student and family living alike: Bechet High School is approximately 180 m away, with St Theresa's R.C. Primary School roughly 260 m distant and multiple preschools within 100 m. The KWIKSPAR on Randles Road and SaveMor are within 460 m, and Dr Jaya Nathoo Medical Centre is approximately 300 m away. Essential day-to-day services are all within easy walking distance.

Rooms & layout

Bedroom × 4
Bathroom × 4
Kitchen × 4
Living room × 4
Dining room × 4
Room × 2
Parking / Courtyard
Garage × 10

Features & amenities

Student accommodationSelf contained suitesBalconyFully tiledParkingDouble storyInvestment propertySecureNsfas certified student accommodationBalconies

Price & ownership

Asking price R 3 250 000
Price per m² R 3 681
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 3,3M
Taxes + legal + admin fees R 192K

Rough split: 94.4% purchase price, 5.6% buying costs.

  • Asking price R 3 250 000
  • Transfer duty (est.) R 134 856
  • Deeds Office (transfer) R 2 824
  • Conveyancing (est., incl. VAT) R 54 275
  • Deeds lodgement R 52
  • Total indicative R 3 442 007

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 30 691 /month

Total paid over 20 years (deposit + repayments): R 7 690 777

Deposit 10% · R 325 000
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 2 925 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 3 250 000