Apartment for sale
Investment opportunity | perfect starter home | esplanade, durban
Embrace waterfront city living in the heart of Durban with harbour and Yacht Club views; neat studio with generous light, built-in cupboards and your own parking bay — one bath.
Whether you're looking to get onto the property ladder or add to your investment portfolio, this is an opportunity worth exploring!
Shireen M & Salman Shaik present this neat and cosy studio apartment, ideally situated in the heart of Durban City, overlooking the Durban Yacht Club and Harbour.
Already tenanted, generating a rental income of R5,500 per month, making this an attractive investment opportunity.
THE APARTMENT OFFERS:
Spacious open-plan living area, comfortably accommodating both a bedroom and lounge area. Large windows allowing an abundance of natural light, creating a bright and airy atmosphere. Ample built-in cupboards. Functional kitchen with built-in cupboards, hob and under-counter oven. Bathroom fitted with shower, basin and toilet, with plumbing for a washing machine. The BIG bonus – your own parking bay within the apartment block!
THE EXTRAS:
Secure building with controlled access. 24/7 security. Water included in the levy. Prepaid electricity. Currently tenanted at R5,500 per month.
THE NUMBERS: Purchase price: R550,000
Monthly rental: R5,500
Annual rental income: R66,000
Gross rental yield: 12% per annum (before levies, rates, maintenance and other expenses).
Whether you're looking for a place to call your own or an investment that generates rental income, this Esplanade gem deserves your attention!
YOUR NEST OR YOUR NEXT INVESTMENT?
Ownership costs
Property history
Listed for sale at R550,000
Smart property insights
How does this home’s price compare with similar properties?
Price comparison based on 74 similar-sized 1-bed homes.
Insight
Priced 7% below the local median - but still inside the typical range across Durban.
Compared with 74 similar homes (81 listings) across Durban.
Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages - check with the agent for local guidance.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
