Vacant Land Residential for sale
Build vibrant modern communities in the growth node of Polokwane Ext 138 — a 13,258m² development-ready site offering a renewable 49.75-year notarial lease with freehold option.
Polokwane Ext 138 – Developer-Friendly Leasehold Site
An exceptional 13,258m2 site in a growth node of Polokwane, ideal for residential development. Zoned Residential 3, this property is perfect for modern townhouses, apartment blocks, or multi-unit communities. Leasehold status offers an accessible entry point for developers, allowing planning and construction momentum, with future freehold conversion available.
Leasehold Zoned Vacant Land (Polokwane): You don’t buy the land outright—you secure it on a 49.75-year, perpetually renewable Notarial Lease (registered in the Deeds Office), with the option to convert to Freehold later once the developer finalises the freehold purchase.
How payments work: pay 25% upfront, then monthly lease calculated at 8% p.a. on the remaining balance (max 75% of land value)—buildings/improvements are excluded. Escalation is CPI-based, you can build, finance (banks can bond), and resell like normal ownership.
Listed for sale at R11,932,200
Compared with 206 active listings in Bendor.
Insight
Priced 552% above the local median — and above the typical range for Bendor.
The premium partly reflects the larger land size; buyers should still compare condition, position, zoning and services before deciding.
Similar properties pricing
Key differences
Good value · based on 206 listings
Large at a premium · based on 206 listings
Market depth
206 listings
Similar homes in Bendor
134 days
Median time on market
Many similar homes
Active in Bendor
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Bendor is a sought-after, upscale residential suburb in Polokwane known for its modern homes, proximity to major shopping hubs, and a convenient lifestyle perfect for families and professionals.
