Property
South Africa

3

Beds

2

Baths

1

Parking

95 m²

Floor area

Apartment 3 beds 2 baths 95 m²

About this property

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. Secure parking and 24-hour access-controlled security ensure peace of mind for residents.

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 controlledOpen plan kitchenBuilt in cupboardsGas stoveSecure parkingFirst floor

Price & ownership

Asking price R 1 100 000
Price per m² R 11 579
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 1,1M
Taxes + legal + admin fees R 24,6K

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

  • Asking price R 1 100 000
  • Deeds Office (transfer) R 956
  • Conveyancing (est., incl. VAT) R 23 575
  • Deeds lodgement R 52
  • Total indicative R 1 124 583

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 10 388 /month

Total paid over 20 years (deposit + repayments): R 2 603 032

Deposit 10% · R 110 000
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 990 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 1 100 000