Property
South Africa

7

Beds

4

Baths

1

Parking

848 m²

Floor area

House 7 beds 4 baths 848 m²

About this property

A golden opportunity awaits savvy investors! This income-producing block of flats is ideally located on prestigious West Road, one of Overport's most in-demand streets. Offering R40,000 in monthly rental income, this property guarantees solid returns.

Highlights: • Monthly rental income of R40,000 • Neat and secure block with a proven rental track record • Tenanted with long-standing occupants • Spacious, self-contained flats, each with private kitchens and bathrooms • Secure onsite parking • Well-maintained, low-maintenance building • Favourable layout for easy management • Situated close to schools, shopping centres, places of worship, medical facilities, and public transport • Ideal for long-term residential letting or executive rentals • Potential to increase income further with minor upgrades or rental adjustments

Key Features: • 3 × 1-bedroom units • 1 × duplex unit • 1 × versatile outbuilding • Main residence with 4 bedrooms • 1 parking space allocated per unit

Location Perks: West Road is one of Overport's most central and high-demand streets – offering a mix of residential convenience and access to key amenities. The demand for rentals in this area remains high, making it a reliable performer for years to come.

Whether you're expanding your portfolio or making your first big property move, this is a smart acquisition that offers both immediate cash flow and capital appreciation potential.

Rooms & layout

Bedroom × 7
Bathroom × 4
Kitchen
Garage

Features & amenities

Income producingBlock of flatsRental incomeSecure parkingSelf contained unitsWell maintainedLow maintenance

Price & ownership

Asking price R 4 650 000
Price per m² R 5 483
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 4,7M
Taxes + legal + admin fees R 364,9K

Rough split: 92.7% purchase price, 7.3% buying costs.

  • Asking price R 4 650 000
  • Transfer duty (est.) R 288 856
  • Deeds Office (transfer) R 4 041
  • Conveyancing (est., incl. VAT) R 71 915
  • Deeds lodgement R 52
  • Total indicative R 5 014 864

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 43 911 /month

Total paid over 20 years (deposit + repayments): R 11 003 727

Deposit 10% · R 465 000
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 4 185 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 4 650 000