1
Beds
1
Baths
1
Parking
41 m²
Floor area
About this property
This well-positioned student accommodation unit at 577 Mahatma Gandhi Road presents an outstanding high-ROI investment opportunity in one of Durban's most convenient and high-demand student zones. Purpose-built for student living, the building enjoys consistently strong occupancy, stable rental income, and a highly attractive return for investors looking for dependable cash flow.
The unit offers a practical, low-maintenance layout ideal for student tenants, while the building provides excellent security and day-to-day facilities. Its unbeatable location means everything students need is right on the doorstep.
Prime Amenities Surrounding the Property: • Supermarket onsite: Seapoint SuperSpar located in the same building • Daily conveniences: Ground-floor retail includes takeaways, hair salon, pharmacy, ATMs, and laundry facilities • Dining & cafés: Close to popular restaurants, including Mahé Café and a variety of Point Waterfront dining options • Beachfront access: A short walk to Durban's Golden Mile beaches • Excellent transport links: Near bus routes and the Durban People Mover for easy commuting • City attractions: Near ICC, Moses Mabhida Stadium, Victoria Street Market, and other key Durban landmarks • Urban upgrades: Located in an area benefiting from ongoing city regeneration and infrastructure improvements
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: 96.9% purchase price, 3.1% buying costs.
- Asking price R 420 000
- Deeds Office (transfer) R 434
- Conveyancing (est., incl. VAT) R 13 027
- Deeds lodgement R 52
- Total indicative R 433 513
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 993 885
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 378 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.
R 420 000