1
Beds
1
Baths
1
Parking
41 m²
Floor area
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
Features & amenities
Price & ownership
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
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
Total paid over 20 years (deposit + repayments): R 993 885
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.