Please note that you are using an outdated browser which is not compatible with some elements of the site. We strongly urge you to update to Edge for an optimal browsing experience.
R 600 000

1 Bedroom Apartment / Flat for Sale in Durban Central

  • Bedrooms 1
  • Bathrooms 1
  • Floor Size 58 m²
  • NO TRANSFER DUTY
Esplanade 1 bedroom apartment. Safe and secure

Located in the sought-after block, THE GROVE, this newly listed 1 br flat will suit an investor seeking above average returns or an end user who only requires occupation in 2026.

Upon entering the flat a sense of spaciousness is immediately felt. The quality porcelain tiles (large size) are neutral in colour and are evident on all floor surfaces. The kitchen area is well designed and has space for an undercounter appliance as well. There is no built in stove in the kitchen.

Existing aluminum windows ensure that long term maintenance issues will be minimal.

The bedroom is spacious and boasts 2 x built in cupboards with extra space on top for suitcases etc

SPECIFICS

• Renovated apartment

• Ensuite bathroom

• Shower attachment in bath

• Security gate at front door

• NO PARKING ALLOCATED TO UNIT but nearby parking facility at R550 pm is available

• 24-hour...

Located in the sought-after block, THE GROVE, this newly listed 1 br flat will suit an investor seeking above average returns or an end user who only requires occupation in 2026.

Upon entering the flat a sense of spaciousness is immediately felt. The quality porcelain tiles (large size) are neutral in colour and are evident on all floor surfaces. The kitchen area is well designed and has space for an undercounter appliance as well. There is no built in stove in the kitchen.

Existing aluminum windows ensure that long term maintenance issues will be minimal.

The bedroom is spacious and boasts 2 x built in cupboards with extra space on top for suitcases etc

SPECIFICS

• Renovated apartment

• Ensuite bathroom

• Shower attachment in bath

• Security gate at front door

• NO PARKING ALLOCATED TO UNIT but nearby parking facility at R550 pm is available

• 24-hour security at entrance to building

• Supervisor’s office

• Facial recognition system at entrance to building

• 2 lifts in operation

• Fibre to unit installed

• Pre-paid METRO electricity meter

• Water included in levy

INVESTORS TAKE NOTE

Currently the property is rented to a long-term tenant at R6,000 pm till 1 March 2026

Net returns, after levy and rates, are deducted generate a return of 8,5 % pa

Gross returns are 12 % pa

Bedrooms Bedrooms: 1
Bathrooms Bathrooms: 1
No Pets Allowed No Pets Allowed
Listing number: P24-115547418, Image number: 1
Listing number: P24-115547418, Image number: 2
Listing number: P24-115547418, Image number: 3
Listing number: P24-115547418, Image number: 4
Listing number: P24-115547418, Image number: 5
Listing number: P24-115547418, Image number: 6
Listing number: P24-115547418, Image number: 7
Listing number: P24-115547418, Image number: 8
Listing number: P24-115547418, Image number: 9
Property Overview
Listing Number
115547418
Type of Property
Apartment / Flat
Listing Date
07 February 2025
Floor Size
58 m²
Price per m²
R 10 345
Levies
R 1 310
No Transfer Duty
Yes
Rates and Taxes
R 414
Pets Allowed
No
Bedroom
Tiled Floors, Curtain Rails, Built-in Cupboards, King Bedroom
Bathroom
Tiled Floors, En suite, Bath, Toilet and Basin
Kitchen
Dishwasher Connection, Tiled Floors, Built-in Cupboards
Temperature Controls
1
Nearby Public Transport
Bus, Minibus Taxi
Wheelchair Accessible
Yes
Loading Loading

Bond Calculator

R
R
%
years
Monthly Repayment:
Total Once-off Costs:
Min Gross Monthly Income:
*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.
Loading Loading

Contact Agents

(* Please enter phone number so the agent can contact you.)
By continuing I understand and agree with Property24’s
Terms & Conditions and Privacy Policy.

Contact Agents

(* Please enter phone number so the agent can contact you.)
By continuing I understand and agree with
Property24's Terms & Conditions and Privacy Policy.

Share

PrintPrint
Brochure
Loading