Property
South Africa

2

Beds

1

Baths

1

Parking

76 m²

Floor area

Apartment 2 beds 1 bath 76 m²

About this property

Spacious 2-bedroom ground floor unit with veranda and walled garden in Heritage Square. Modern apartment complex offering 72 units in Somerset West, near Somerset Lakes and Vergelegen Plein. Ground floor unit features modern kitchen with engineered stone countertops, built-in oven, hob, and extractor. Stylish bathrooms and spacious living areas with balcony. Secure covered parking bay included. Pet-friendly complex with access control and electric fencing. Landscaped gardens and green spaces. Excellent location with strong capital appreciation prospects and high rental demand. Close to Vergelegen Plein Shopping Centre and Generation School. Easy access to major highways and public transport. Occupation April 2027. No Transfer Duty (VAT Inclusive).

Rooms & layout

Bedroom × 2
Bathroom
Kitchen
Lounge
Parking
Garage

Features & amenities

Ground floorVerandaWalled gardenModern kitchenBalconySecure parkingPet friendlyAccess controlElectric fencingLandscaped gardens

Price & ownership

Asking price R 2 550 000
Price per m² R 33 553
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 2,6M
Taxes + legal + admin fees R 118,9K

Rough split: 95.5% purchase price, 4.5% buying costs.

  • Asking price R 2 550 000
  • Transfer duty (est.) R 71 200
  • Deeds Office (transfer) R 2 216
  • Conveyancing (est., incl. VAT) R 45 455
  • Deeds lodgement R 52
  • Total indicative R 2 668 923

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 24 080 /month

Total paid over 20 years (deposit + repayments): R 6 034 302

Deposit 10% · R 255 000
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 2 295 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 2 550 000