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Create a vibrant residential community close to Polokwane conveniences in Ext 138 — 23,738m² blank canvas with flexible lease-to-own structure and excellent development potential.
Polokwane Ext 138 – Prime Developer Site
This 23,738m2 leasehold property offers developers a blank canvas in a strategic Polokwane location. Zoned Residential 3, the site accommodates multi-unit residential projects, townhouse clusters, or apartment developments. The leasehold arrangement enables early planning and building, with the potential to transfer to full title upon completion of the land purchase.
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 R20,177,300
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 234 listings in Bendor
Insight
Priced above the median for similar land listings in the area. On a price-per-land-m² basis, it is 50% below the median. Land size is 2347% larger than typical for similar land.
Similar properties pricing
Key differences
Affordability
R 198,069 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
234 similar listings
High similar land inventory in Bendor
Median time on market: 57 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Bendor is an upscale residential suburb in Polokwane known for its leafy streets, modern homes, and proximity to essential amenities, making it a desirable location for families and professionals.
* Distances and amenities are approximate.
