Property
South Africa

2

Beds

1

Baths

53 m²

Floor area

Apartment 2 beds 1 bath 53 m²

About this property

This compact and well-positioned 1.5-bedroom apartment in the sought-after suburb of Glenwood, Durban, offers excellent value and strong investment potential. Spread across 53 m² of internal floor area, the unit features an open-plan lounge and dining area finished with neat ceramic floor tiles, grey-painted walls, and a custom timber-slat TV feature wall that adds a contemporary touch. A large wall-mounted flat-screen television, built-in timber TV unit with cabinetry, and a decorative wall-mounted wine rack and stemware shelf complete the living space, which also accommodates a full-size stainless-steel double-door fridge-freezer.

The kitchen is fitted with dark laminate cabinetry above and below, a granite-effect worktop, stainless-steel sink, and ample counter space for small appliances. A washing machine point is visible, and the kitchen leads conveniently off the living area.

The spacious main bedroom comfortably accommodates a double bed, while the second room — described as a half bedroom — is ideally suited as a second sleeping space, study, or work-from-home area. The bathroom is neatly finished and features a modern glass shower.

The apartment is ideally located steps from Kingsley Gardens park (~111 m), The Glenwood Bakery (~145 m), and Berea Centre shopping mall (~527 m), placing everyday conveniences, eateries, and green spaces within easy reach. Close proximity to main road access and a college makes this unit especially attractive to investors and first-time buyers seeking practical, secure living in one of Durban's most established residential suburbs.

Rooms & layout

Bedroom × 2
Bathroom
Kitchen
Open-plan lounge/dining

Features & amenities

Fully fitted kitchenGlass showerInvestment potentialNear collegeNear police stationTimber slat TV feature wallDark laminate cabinetryGranite effect countertopsStainless steel double door fridgeWall mounted wine rack

Price & ownership

Asking price R 400 000
Price per m² R 7 547
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 400K
Taxes + legal + admin fees R 13,2K

Rough split: 96.8% purchase price, 3.2% buying costs.

  • Asking price R 400 000
  • Deeds Office (transfer) R 434
  • Conveyancing (est., incl. VAT) R 12 690
  • Deeds lodgement R 52
  • Total indicative R 413 176

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 3 777 /month

Total paid over 20 years (deposit + repayments): R 946 557

Deposit 10% · R 40 000
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 360 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 400 000