69ce45b92090fd5ed22ce6bc
South Africa

2

Beds

2

Baths

1

Parking

116 m²

Floor area

Apartment 2 beds 2 baths 116 m²

About this property

This two-bedroom apartment is situated in a sectional title complex that was formerly the well-known Royal Hotel. It was expertly converted into apartments and is now called Royal Park. The complex has palisade fencing and an electric gate with each unit having access to a designated carport and communal braai area.

Large open plan living area and dining area with ceiling fans. Two spacious bedrooms with built-in cupboards. Both bedrooms have en-suite bathrooms. The main bedroom has a full bathroom and the second bedroom has a bath, basin and toilet. An air conditioner in the main bedroom is included.

Ideally situated and within walking distance of all amenities. Insurance includes maintenance of outside walls, roof construction, parking area, entrance gate, cleaning supplies, geyser, security gates and paving. Pre-paid meter for electricity. Levies cover water, refuse removal and gardener services. Currently leased to a tenant with excellent referral record.

Monthly costs: Levy R1,138, Tax R1,384, Sewerage R333.

Rooms & layout

Bedroom × 2
Bathroom × 2
Open Plan Living Area
Dining Area
Carport
Garage

Features & amenities

Sectional titleElectric gateCarportCommunal braai areaEn suite bathroomsAir conditioningSecurity gatesWalking distance to amenitiesInvestment propertyTenant occupied

Price & ownership

Asking price R 620 000
Price per m² R 5 345
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 620K
Taxes + legal + admin fees R 16,8K

Rough split: 97.4% purchase price, 2.6% buying costs.

  • Asking price R 620 000
  • Deeds Office (transfer) R 539
  • Conveyancing (est., incl. VAT) R 16 169
  • Deeds lodgement R 52
  • Total indicative R 636 760

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 5 855 /month

Total paid over 20 years (deposit + repayments): R 1 467 164

Deposit 10% · R 62 000
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 558 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.