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Plenty of property options at under R1m in KwaZulu-Natal

06 Jun 2018

For the fourth year in a row Durban was ranked the South African city with the highest quality of life, in the 20th international Mercer’s Quality of Living survey. A factor that contributes towards this great quality of life is the fact that property in Durban gives excellent “bang for your buck” and brings property ownership within reach of many who may not be able to afford similar properties in other provinces.

This beachfront bachelor apartment in Amanzimtoti, Durban, is comfortable with sea views and offers the possibility of holiday letting. It is on the market for R600 000 - click here to view.

Says Silven Chetty, Seeff KwaZulu-Natal Chairperson and co-Licensee of Seeff Richards Bay, says for example, in KZN there are still many options available at the under R1 million price point. He says their website lists 670 different houses, apartments and townhouses for sale at under R1 million.

"Just for illustrative purposes, examples of what a couple or individual would have to earn to gain various bonds, calculated as a 30% instalment based on income or the net after expenses, whichever is the lesser, at a prime rate of 10% over a 20-year period, are R25 000 for a bond of R777 200, R30 000 for a bond of R932 642, and R35 000 for a bond of R1 088 000.”

What home loan will you get? See what you need to earn

This two bedroom apartment in the On the Rocks complex in Wild en weide, Richards Bay, is on the market for R699 000 - click here to view.

The lowest priced abode on the books is for sale for cash only and is a one-and-a-half bedroom unit in the established 4.5-star Queensburgh Caravan Resort for R175 000. There is another one bedroom property available at R375 000 and a three bedroom unit at R295 000, also available for cash only in this caravan park, where the levies of R3 200 include water and rates.

Value-for-money apartments

When it comes to one bedroom apartments, just a small selection of what is available includes a R345 000 unit in Umkomaas, Scottburgh (close to the Aliwal Dive Centre), R420 000 in Scottburgh central and Bulwer, Berea, or R599 000 for a ground floor apartment close to a swimming beach in Amanzimtoti.

There is also an array of two bedroom apartments, ranging from R430 000 on the Bluff, R495 000 in Pinetown, R599 000 in Meer en See, Richards Bay, and R600 000 in Amanzimtoti, through to R695 000 in Windermere on the Berea and R750 000 in Empangeni. Three bedroom apartment options include R747 000 in Bellair and R850 000 in Amanzimtoti.

Where to find houses under R1m

This three bedroom, two bathroom house in in Amiel Park, Newcastle, has an additional one bedroom flat and is priced at R930 000 - click here to view.

When it comes to houses, R875 000 will buy you a two bedroom wooden cabin set on 2 222m2 in rural Monteseel, whereas if you want three bedrooms you can choose from many homes, including one for R395 000 in Copesville, for R850 000 in Pennington or Newcastle, R898 000 (double-storey) in New Germany, Pinetown, R950 000 in Birdswood, Richards Bay, and R995 000 in Craigieburn, Scottburgh.

Four bedroom homes are available from R695 000 in Aquadene, Richards Bay, R895 000 in Scottburgh central, R922 500 in Sea View, and R979 000 in Brackenham, Richards Bay. In Pietermaritzburg, a six bedroom home is on the market at R885 000 in Newholme.

This rustic timber home in Pennington on the South Coast has three bedrooms and is set on a 1029sqm stand. It is priced at R850 000 - click here to view.

“We can cater for just about every price range in KZN, in an array of settings, from rural to city to seaside,” says Silven Chetty. “With the great weather, stunning beaches and views, plus these great prices, no wonder we top the charts for quality of life!”

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