Property
South Africa

2

Beds

1

Baths

2

Parking

97 m²

Floor area

9,063 m²

Stand size

Apartment 2 beds 1 bath 97 m²

About this property

Overview

Discover comfortable coastal living in this well-appointed 2-bedroom, 1-bathroom apartment located within a secure complex in Margate. Spanning 97 square meters, this residential property offers a practical layout designed for ease and enjoyment.

Property Features

  • Dedicated lounge and dining room with ample space for relaxation and entertaining
  • Functional kitchen with all essential appliances for daily living
  • Two comfortable bedrooms
  • Single bathroom
  • Single lock-up garage and additional parking space
  • Scenic coastal view

Complex Amenities

  • Communal swimming pool set within beautifully maintained gardens
  • Communal braai area for social gatherings
  • Access gate and security gate for enhanced security
  • Large erf of 9,063 square meters providing a spacious environment

Additional Features

  • Wheelchair friendly for enhanced accessibility
  • Paving throughout
  • Borehole and water tanks for water resilience and sustainability
  • Ideally situated for coastal living and aquatic activities

Rooms & layout

Bedroom × 2
Bathroom
Kitchen
Lounge
Dining Room
Garage × 2

Features & amenities

PoolGardenSecurityBraaiScenic viewsWheelchair friendlySecure complexBoreholeWater tanksCoastal living

Price & ownership

Asking price R 660 000
Price per m² R 6 804
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 660K
Taxes + legal + admin fees R 17,4K

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

  • Asking price R 660 000
  • Deeds Office (transfer) R 574
  • Conveyancing (est., incl. VAT) R 16 767
  • Deeds lodgement R 52
  • Total indicative R 677 393

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 6 233 /month

Total paid over 20 years (deposit + repayments): R 1 561 819

Deposit 10% · R 66 000
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 594 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 660 000