Property
South Africa

3

Beds

2

Baths

1

Parking

95 m²

Floor area

Apartment 3 beds 2 baths 95 m²

About this property

Overview

This modern 3-bedroom first floor apartment is located in the secure Magnolia Ridge development, nestled in the heart of Waterval East, Rustenburg. With an open-plan kitchen featuring premium finishes and a gas stove, this unit offers a stylish and functional living space. The bright and airy living area is designed for comfort, making it an ideal home for families or professionals.

Key Features

  • 3 bedrooms with built-in cupboards
  • Open-plan kitchen with premium finishes and gas stove
  • Spacious, well-lit living area
  • Secure parking
  • 24-hour security and access-controlled entry

Rooms & layout

Bedroom × 3
Bathroom × 2
Kitchen
Lounge
Parking
Garage

Features & amenities

SecurityAccess controlledParkingOpen plan kitchenBuilt in cupboardsGas stove

Price & ownership

Asking price R 1 150 000
Price per m² R 12 105
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 1,2M
Taxes + legal + admin fees R 25,5K

Rough split: 97.8% purchase price, 2.2% buying costs.

  • Asking price R 1 150 000
  • Deeds Office (transfer) R 999
  • Conveyancing (est., incl. VAT) R 24 437
  • Deeds lodgement R 52
  • Total indicative R 1 175 488

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 10 860 /month

Total paid over 20 years (deposit + repayments): R 2 721 352

Deposit 10% · R 115 000
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 1 035 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 1 150 000