Vacant Land Residential for sale at 43304 Logan Street
Create contemporary community living in Polokwane’s expanding Limpopo node — a 7,933 m² Residential 2 stand ideal for townhouses, with a renewable 49.75-year lease convertible to freehold.
This well-located 7,933m2 stand zoned Residential 2 offers an excellent opportunity for developers seeking a medium-density residential project in Limpopo’s growing node. Ideal for a townhouse development or residential complex, the stand provides strong investment 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 R6,842,213
How does this home’s price compare with similar properties?
Insight
Larger than typical plots in Bendor — priced R 863/m² vs R 1,438/m² typical.
Compared with 83 homes (198 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.
