7
Beds
4
Baths
1
Parking
848 m²
Floor area
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
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: 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
Total paid over 20 years (deposit + repayments): R 11 003 727
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