Property
South Africa

3

Beds

1

Baths

1

Parking

140 m²

Floor area

Apartment 3 beds 2 baths 140 m²

About this property

This generously sized three-bedroom apartment presents a strong investment opportunity in the sought-after Pelham area. Offering excellent rental appeal, the unit features three well-proportioned bedrooms with built-in cupboards, ideal for student accommodation, young professionals, or small families.

The modern kitchen is fitted with granite countertops, ample built-in cupboards, and quality appliances including an oven, stove, and hob, ensuring low maintenance and long-term tenant satisfaction. A contemporary bathroom with bath, shower, and basin is complemented by a separate toilet, adding practicality for multi-tenant living.

Located in a neat, well-managed complex with secure parking, the apartment provides peace of mind and consistent demand. Its prime location close to shopping malls, a public library, creches, high schools, and the University of KwaZulu-Natal makes it particularly attractive for student and professional rentals, supporting strong occupancy and reliable returns.

Rooms & layout

Bedroom × 3
Bathroom
Separate Toilet
Kitchen
Lounge
Garage

Features & amenities

Secure parkingBuilt in cupboardsGranite countertopsModern kitchenContemporary bathroomInvestment propertyRental opportunityStudent accommodation

Price & ownership

Asking price R 800 000
Price per m² R 5 714
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 800K
Taxes + legal + admin fees R 19,6K

Rough split: 97.6% purchase price, 2.4% buying costs.

  • Asking price R 800 000
  • Deeds Office (transfer) R 695
  • Conveyancing (est., incl. VAT) R 18 860
  • Deeds lodgement R 52
  • Total indicative R 819 607

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 7 555 /month

Total paid over 20 years (deposit + repayments): R 1 893 114

Deposit 10% · R 80 000
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 720 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 800 000