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
Compared with 206 active listings in Bendor.
Insight
Priced 1003% 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.
