Property
South Africa

2

Beds

1

Baths

Apartment 2 beds 2 baths

About this property

A well-presented two-bedroom apartment situated in the heart of Musgrave, one of Durban's most convenient and sought-after residential suburbs. This investment-ready unit is currently tenanted with a lease in place, making it an ideal turn-key purchase for investors or a comfortable starter home for a young couple or small family.

The open-plan lounge and dining area creates a bright, spacious feel, while the modern kitchen impresses with its grey shaker-style cabinetry, granite-look worktops, a full stainless-steel oven and hob, plumbing for a washing machine, and ample storage. Both bedrooms are well-proportioned, feature laminate wood-look flooring, crisp white cornicing, and the main bedroom benefits from full built-in wardrobes. A separate bathroom and toilet complete the layout.

The apartment includes a dedicated parking bay with additional visitor parking available, and there is an option to rent extra parking from fellow owners in the complex.

Location is a standout feature: Musgrave Centre and Food Lover's Market are roughly 285–290 m away, Care Bears on Essenwood preschool is within 303 m, and a cluster of restaurants and a medical clinic are all under 200 m from the front door — truly walkable everyday living in central Durban.

Rooms & layout

Bedroom × 2
Bathroom
Separate Toilet
Kitchen
Lounge/Dining Area
Parking

Features & amenities

ParkingViewsInvestmentTenant in placeOpen planModern kitchenOpen plan lounge/diningGranite look worktopsGrey shaker cabinetryBuilt in wardrobes

Price & ownership

Asking price R 1 300 000
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 1,3M
Taxes + legal + admin fees R 30,9K

Rough split: 97.7% purchase price, 2.3% buying costs.

  • Asking price R 1 300 000
  • Transfer duty (est.) R 2 700
  • Deeds Office (transfer) R 1 130
  • Conveyancing (est., incl. VAT) R 27 025
  • Deeds lodgement R 52
  • Total indicative R 1 330 907

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 12 276 /month

Total paid over 20 years (deposit + repayments): R 3 076 311

Deposit 10% · R 130 000
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 1 170 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 1 300 000