Vacant Land Residential for sale at 43303 Logan Street
Create vibrant, community-focused housing in Polokwane's expanding Limpopo node on a 1,541 m² stand, zoned for medium-density townhouses with a perpetually renewable 49.75-year lease convertible to freehold.
This 1,541m2 stand zoned Residential 2 offers an excellent opportunity for developers or investors seeking a medium-density residential project in Limpopo’s expanding node. Ideal for townhouses or a small residential complex, the property combines flexibility with strong long-term potential.
A 25% first lease payment secures the stand, with the balance payable according to the agreed plan. 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 R1,506,328
How does this home’s price compare with similar properties?
Insight
Priced 29% below the local median - but still inside the typical range in Bendor.
Compared with 83 homes (199 listings) in Bendor.
It's larger than typical, which helps explain where it sits in the range.
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.
