Large Ground Floor Beachfront Bachelor Apartment in South Beach KZN-First Time Buyer-Investor Dream
Wake up to the sea in the heart of Durban’s South Beach.
This large bachelor flat in South Beach sits directly on the beachfront. Ground floor, spacious, and full of character with original wooden floors throughout.
The open-plan lounge flows into a practical kitchen, and the neat bathroom has a shower and toilet. The unit is bright, clean, and ready to move into or rent out immediately.
Location is everything: Walk to the beach, promenade, shops, schools, Addington Hospital and SAPS.
WHY THIS ONE WINS:
1. Holiday Letting Conversion Coming
Body Corporate is soon converting to holiday letting. Beachfront + holiday letting = peak season rates of R800 - R1,200+ per night. That R7k long-term rent could become R15k - R25k+ in season.
2. Beachfront = Always Tenanted
South Beach never struggles for tenants. Holiday makers, hospital staff from Addington, students, SAPS & city workers — constant demand.
3. Low Entry, Low Holding Cost
R695k gets you ON the beachfront. Rates + levy under R2,100 combined. Your tenant covers your costs from day 1.
4. Ground Floor, Large Bachelor
Easy to let, easy to maintain. Original wooden floors, spacious lounge, neat kitchen, full bathroom (shower + toilet). No lifts, no stairs, no hassle.
THE NUMBERS:
- Price: R695,000
- Current Rent: R7,000 pm
- Rates: R743 pm
- Levy: R1,286 pm
- Total Monthly Costs: R2,029 pm
- Net Income (before bond): R4,971 pm
- Gross Yield: 12.1%
- Net Yield: 8.6%
Contact Paolo Cori for viewings
069 677 7520
Huizemark Property Group
This large bachelor flat in South Beach sits directly on the beachfront. Ground floor, spacious, and full of character with original wooden floors throughout.
The open-plan lounge flows into a practical kitchen, and the neat bathroom has a shower and toilet. The unit is bright, clean, and ready to move into or rent out immediately.
Location is everything: Walk to the beach, promenade, shops, schools, Addington Hospital and SAPS.
WHY THIS ONE WINS:
1. Holiday Letting Conversion Coming
Body Corporate is soon converting to holiday letting. Beachfront + holiday letting = peak season rates of R800 - R1,200+ per night. That R7k long-term rent could become R15k - R25k+ in season.
2. Beachfront = Always Tenanted
South Beach never struggles for tenants. Holiday makers, hospital staff from Addington, students, SAPS & city workers — constant demand.
3. Low Entry, Low Holding Cost
R695k gets you ON the beachfront. Rates + levy under R2,100 combined. Your tenant covers your costs from day 1.
4. Ground Floor, Large Bachelor
Easy to let, easy to maintain. Original wooden floors, spacious lounge, neat kitchen, full bathroom (shower + toilet). No lifts, no stairs, no hassle.
THE NUMBERS:
- Price: R695,000
- Current Rent: R7,000 pm
- Rates: R743 pm
- Levy: R1,286 pm
- Total Monthly Costs: R2,029 pm
- Net Income (before bond): R4,971 pm
- Gross Yield: 12.1%
- Net Yield: 8.6%
Contact Paolo Cori for viewings
069 677 7520
Huizemark Property Group
Monthly Rates
R743
Features
Interior
Exterior
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Huizemark website is accurate and up to date, Huizemark makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.