Property
South Africa

1

Beds

1

Baths

1

Parking

57 m²

Floor area

Apartment 1 bed 1 bath 57 m²

About this property

A must-see 1-bedroom apartment in Penina Park, located in a well-managed complex that has recently undergone a major upgrade. The unit offers 1 bedroom, 1 bathroom, an open-plan kitchen and lounge, and a balcony. The complex is equipped with a borehole and water storage tank to ensure water supply during shortages. Neat and well maintained, this apartment is ideal for a first-time buyer or investor at this price point.

Rooms & layout

Bedroom 1
Bathroom
Kitchen
Lounge
Balcony
Garage

Features & amenities

BoreholeWater storageBalconyOpen planRecently upgradedWell managed complex

Price & ownership

Asking price R 630 000
Price per m² R 11 053
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 630K
Taxes + legal + admin fees R 16,9K

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

  • Asking price R 630 000
  • Deeds Office (transfer) R 547
  • Conveyancing (est., incl. VAT) R 16 318
  • Deeds lodgement R 52
  • Total indicative R 646 917

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 5 949 /month

Total paid over 20 years (deposit + repayments): R 1 490 828

Deposit 10% · R 63 000
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 567 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 630 000