Property
South Africa

2

Beds

1

Baths

226 m²

Floor area

House 2 beds 1 bath 226 m²

About this property

Charming 2-bedroom home in Steenberg – perfect for first-time buyers or investors. This well-positioned property offers fantastic opportunity for first-time buyers or savvy investors looking to generate rental income.

Property features:

  • 2 comfortable bedrooms
  • 1 bathroom
  • Functional kitchen
  • Spacious lounge

Conveniently situated close to public transport and essential amenities, this home offers both comfort and convenience. Great investment potential – an ideal rental property in a sought-after location.

Rooms & layout

Bedroom × 2
Bathroom
Kitchen
Lounge

Features & amenities

Investment propertyRental potentialFirst time buyer friendlyClose to transportClose to amenities

Price & ownership

Asking price R 690 000
Price per m² R 3 053
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 690K
Taxes + legal + admin fees R 17,9K

Rough split: 97.5% purchase price, 2.5% buying costs.

  • Asking price R 690 000
  • Deeds Office (transfer) R 600
  • Conveyancing (est., incl. VAT) R 17 216
  • Deeds lodgement R 52
  • Total indicative R 707 868

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 6 516 /month

Total paid over 20 years (deposit + repayments): R 1 632 811

Deposit 10% · R 69 000
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 621 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 690 000