Property
South Africa

2

Beds

2

Baths

103 m²

Floor area

Apartment 2 beds 2 baths 103 m²

About this property

Dormehl Phalane Musgrave presents a two-bedroom, two-bathroom flat for sale on Durban's Esplanade. It has lovely harbour views and the block has a shopping centre downstairs. Regret, no parking. This unit has tiled flooring throughout and offers a fully fitted kitchen and two large, fitted bedrooms. The main bedroom has an en-suite with a bathtub, toilet and handbasin, while the guest bathroom also has a bathtub, toilet and handbasin. The lounge-diningroom area is spacious. Note that electricity is prepaid for this flat, while water is billed by the municipality. Close to public transport, this flat is perfect for a small family and can be a very good investment.

Rooms & layout

Bedroom × 2
Bathroom × 2
Kitchen
Lounge-Dining Room

Features & amenities

Harbour viewsShopping centreFitted kitchenTiled flooringEn suitePrepaid electricityPublic transport

Price & ownership

Asking price R 890 000
Price per m² R 8 641
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 890K
Taxes + legal + admin fees R 21K

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

  • Asking price R 890 000
  • Deeds Office (transfer) R 773
  • Conveyancing (est., incl. VAT) R 20 206
  • Deeds lodgement R 52
  • Total indicative R 911 031

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 8 405 /month

Total paid over 20 years (deposit + repayments): R 2 106 090

Deposit 10% · R 89 000
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 801 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 890 000