Property
South Africa

1

Beds

1

Baths

1

Parking

Apartment 1 bed 1 bath

About this property

Highly sought-after Lower North Beach! This studio share block apartment features an open-plan living area, bedroom, kitchen, and full bathroom. Comes with a parking spot, ensuring secure parking—rare for this type of property. Located in Lower North Beach, close to cafes, restaurants, boutique shops, and beaches. Perfect for first-time buyers or investors. An excellent opportunity in a prime location.

Rooms & layout

Bedroom
Bathroom
Kitchen
Living Area
Parking
Garage

Features & amenities

StudioSecure parkingBeach proximityOpen planFirst time buyer

Price & ownership

Asking price R 610 000
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 610K
Taxes + legal + admin fees R 16,6K

Rough split: 97.4% purchase price, 2.6% buying costs.

  • Asking price R 610 000
  • Deeds Office (transfer) R 530
  • Conveyancing (est., incl. VAT) R 16 019
  • Deeds lodgement R 52
  • Total indicative R 626 601

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 5 760 /month

Total paid over 20 years (deposit + repayments): R 1 443 500

Deposit 10% · R 61 000
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 549 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 610 000