Sale
South Africa

1

Beds

1

Baths

1

Parking

41 m²

Floor area

Commercial 1 bed 1 bath 41 m²

About this property

This well-positioned student accommodation unit at 577 Mahatma Gandhi Road presents an outstanding high-ROI investment opportunity in one of Durban's most convenient and high-demand student zones. Purpose-built for student living, the building enjoys consistently strong occupancy, stable rental income, and a highly attractive return for investors looking for dependable cash flow.

The unit offers a practical, low-maintenance layout ideal for student tenants, while the building provides excellent security and day-to-day facilities. Its unbeatable location means everything students need is right on the doorstep.

Prime Amenities Surrounding the Property: • Supermarket onsite: Seapoint SuperSpar located in the same building • Daily conveniences: Ground-floor retail includes takeaways, hair salon, pharmacy, ATMs, and laundry facilities • Dining & cafés: Close to popular restaurants, including Mahé Café and a variety of Point Waterfront dining options • Beachfront access: A short walk to Durban's Golden Mile beaches • Excellent transport links: Near bus routes and the Durban People Mover for easy commuting • City attractions: Near ICC, Moses Mabhida Stadium, Victoria Street Market, and other key Durban landmarks • Urban upgrades: Located in an area benefiting from ongoing city regeneration and infrastructure improvements

Rooms & layout

Bedroom 1
Bathroom
Garage

Features & amenities

Student accommodationBeachfront accessSecuritySupermarket onsiteLaundry facilitiesParkingInvestment property

Price & ownership

Asking price R 420 000
Price per m² R 10 244
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 420K
Taxes + legal + admin fees R 13,5K

Rough split: 96.9% purchase price, 3.1% buying costs.

  • Asking price R 420 000
  • Deeds Office (transfer) R 434
  • Conveyancing (est., incl. VAT) R 13 027
  • Deeds lodgement R 52
  • Total indicative R 433 513

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 3 966 /month

Total paid over 20 years (deposit + repayments): R 993 885

Deposit 10% · R 42 000
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 378 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.