2
Beds
1
Baths
1
Parking
57 m²
Floor area
About this property
Overview
Situated about 2 minutes from the promenade linking Durban North Beach with South Beach, this apartment is an ideal holiday flat or rental income generating facility.
Features
- 2 spacious bedrooms with cupboards
- Open-plan lounge and dining areas
- Kitchen with built-in cupboards
- Large bathroom with bath tub, telephone shower, hand basin, and toilet
- Balcony overlooking the main road, sky-scraper buildings, and glimpse of ocean
- Safe undercover parking
- Lights and water on pre-paid facility
Location & Amenities
Close to all amenities including:
- World-renowned promenade
- Southern Sun Hotels
- Municipal buses and taxis (every 3 minutes)
Investment Potential
Current rental monthly income: R6,000
Rooms & layout
Features & amenities
Price & ownership
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
Rough split: 97.2% purchase price, 2.8% buying costs.
- Asking price R 520 000
- Deeds Office (transfer) R 452
- Conveyancing (est., incl. VAT) R 14 674
- Deeds lodgement R 52
- Total indicative R 535 178
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
Total paid over 20 years (deposit + repayments): R 1 230 524
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 468 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.
R 520 000