Property
South Africa

5

Beds

2

Baths

6

Parking

1,566 m²

Floor area

1,566 m²

Stand size

Apartment 5 beds 2 baths 1,566 m²

About this property

Overview

This exceptional property presents an excellent opportunity for multi-tenant living or an investor seeking a development prospect. Positioned above road level, the home enjoys a sense of elevation and privacy. The property holds remarkable potential — whether as a developer's dream or a rewarding restoration project for someone seeking to create a unique and inviting home.

Accommodation

The main house offers three spacious bedrooms, complemented by multiple additional living units on the premises:

  • One-bedroom granny flat with privacy and comfort
  • Two-bedroom loft on one side of the house
  • One-bedroom unit on the opposite end
  • One-bedroom flat attached to the main house beneath a thatch roof with character and charm (in need of some restoration)

Features & Amenities

  • Large, beautifully maintained green yard — perfect for outdoor relaxation and entertainment
  • Designated braai and entertainment area
  • Two garages for ample parking and convenience
  • Swimming pool — ideal for family enjoyment or tenant use

Location

Situated in a sought-after area in Westville, the property is close to all schools, Westville University, shopping malls, freeways, and parks.

Rooms & layout

Bedroom × 5
Bathroom × 2
Kitchen
Lounge
Entertainment area
Garage × 6

Features & amenities

PoolBraai areaEntertainment areaGreen yardMultiple living unitsGranny flatLoftGaragesElevated positionInvestment opportunity

Price & ownership

Asking price R 2 450 000
Price per m² R 1 564
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 2,5M
Taxes + legal + admin fees R 109,6K

Rough split: 95.7% purchase price, 4.3% buying costs.

  • Asking price R 2 450 000
  • Transfer duty (est.) R 63 200
  • Deeds Office (transfer) R 2 129
  • Conveyancing (est., incl. VAT) R 44 195
  • Deeds lodgement R 52
  • Total indicative R 2 559 576

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 23 136 /month

Total paid over 20 years (deposit + repayments): R 5 797 663

Deposit 10% · R 245 000
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 2 205 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 2 450 000