Vacant Land Residential for sale
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
How does this home’s price compare with similar properties?
Insight
Larger than typical plots in Bendor — priced R 850/m² vs R 1,438/m² typical.
Compared with 83 homes (199 listings) in Bendor.
The premium partly reflects the larger land size; buyers should still compare condition, position, zoning and services before deciding.
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.
