Property
South Africa

10

Beds

5

Baths

5

Parking

560 m²

Floor area

House 10 beds 5 baths 560 m²

About this property

Investment opportunity located in Phoenix, opposite Gandhi Hospital, making it an ideal location for nurses and hospital employees. Complete multi-unit residential complex currently yielding R31,500 rental income. The complex comprises 4 x 2-bedroom units (52–59 m² each) and 1 freestanding house (60 m²). Features include 3-phase power, 5 municipal water meters with bulk meter feed, 5 prepaid electricity meters, fully fenced perimeter, fully tenanted at R31,500 monthly rental (no increase this year), and parking for all units.

Rooms & layout

Bedroom × 10
Bathroom × 5
Room × 5
Garage × 5

Features & amenities

Investment propertyMulti unit complexFully tenantedFenced3 phase powerPrepaid electricityParking

Price & ownership

Asking price R 3 150 000
Price per m² R 5 625
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 3,2M
Taxes + legal + admin fees R 179,7K

Rough split: 94.6% purchase price, 5.4% buying costs.

  • Asking price R 3 150 000
  • Transfer duty (est.) R 123 856
  • Deeds Office (transfer) R 2 737
  • Conveyancing (est., incl. VAT) R 53 015
  • Deeds lodgement R 52
  • Total indicative R 3 329 660

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 29 746 /month

Total paid over 20 years (deposit + repayments): R 7 454 138

Deposit 10% · R 315 000
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 2 835 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 3 150 000