Property
South Africa

1

Beds

1

Baths

1

Parking

41 m²

Floor area

Apartment 1 bed 1 bath 41 m²

About this property

Situated on the first floor of the well-maintained Ipiti complex in the sought-after Ocean View area of the Bluff, Durban, this compact 41 m² apartment offers a secure and comfortable living environment with excellent investment credentials. The building presents a neat three-storey façade finished in warm terracotta and sand tones, with covered garaging at ground level — a rare convenience at this price point. The unit comprises one bedroom, a bathroom, and a garage, making it an ideal buy-to-let acquisition or a stepping stone for a first-time buyer. The complex features a secure entrance, established garden planting along the access walkway, and air-conditioning units visible on several apartments. Residents enjoy easy access to a cluster of eateries — including Silverbacks Clubhouse and Truckers restaurant within metres of the block — as well as Jacobs Value Park shopping mall roughly one kilometre away and several primary and secondary schools within approximately 1 km, underscoring the area's strong rental demand. Transport routes linking the Bluff to central Durban are readily accessible, rounding out the appeal of this low-maintenance investment.

Rooms & layout

Bedroom 1
Bathroom
Garage

Features & amenities

Secure buildingFirst floorInvestment propertyNear schoolsNear shopping centresNear transportCovered garageGround floor garagingEstablished gardensAir conditioning

Price & ownership

Asking price R 540 000
Price per m² R 13 171
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 540K
Taxes + legal + admin fees R 15,5K

Rough split: 97.2% purchase price, 2.8% buying costs.

  • Asking price R 540 000
  • Deeds Office (transfer) R 469
  • Conveyancing (est., incl. VAT) R 14 973
  • Deeds lodgement R 52
  • Total indicative R 555 494

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 5 099 /month

Total paid over 20 years (deposit + repayments): R 1 277 852

Deposit 10% · R 54 000
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 486 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 540 000