Vacant Land Residential for sale at 133 Van Der Merwe Street
Create a live-work lifestyle in Polokwane's Work-Home-Play precinct; 879m² stand ideal for home-business integration and secured by a renewable notarial lease convertible to freehold.
This 879m2 stand offers flexibility for residential and home-business integration in Limpopo’s growing Work-Home-Play precinct.
A 25% first lease payment secures the stand, with the balance payable according to the agreed plan. Development services commence once the minimum number of stands in the zone are sold.
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 R1,213,020
How does this home’s price compare with similar properties?
Insight
Smaller than typical plots in Bendor — priced R 1,380/m² vs R 1,438/m² typical.
Compared with 83 homes (199 listings) in Bendor.
The lower price may partly reflect the smaller land size.
MyProperty 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, modern residential suburb in Polokwane known for its convenient proximity to major shopping hubs, reputable schools, and a high quality of suburban living.
