Property
South Africa

1

Beds

1

Baths

37 m²

Floor area

Apartment 1 bed 1 bath 37 m²

About this property

Overview

One-bedroom apartment located in Durban central. This unit is ideal for individuals or couples seeking an affordable entry into the property market.

Features

  • Built-in cupboards
  • Well-managed building

Condition & Opportunity

The kitchen and bathroom require renovation, presenting an opportunity for investors or first-time buyers to add their personal touch and increase the property's value over time.

Location & Access

Convenient access to:

  • Shopping centers
  • Schools
  • Public transportation
  • Entertainment options

Rooms & layout

Bedroom 1
Bathroom
Kitchen

Features & amenities

Built in cupboardsWell managed buildingInvestment opportunityFirst time buyer friendlyCentral location

Price & ownership

Asking price R 400 000
Price per m² R 10 811
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