Vacant Land Residential for sale at 43381 Logan Street
Create your dream home in Polokwane's expanding neighbourhood, minutes from amenities and transport. 227 m² build-ready plot with 49.75-year renewable notarial lease and freehold conversion option.
This stand operates under a 49.75-year renewable Notarial Lease with Deeds Office registration, ensuring long-term tenure. 28% upfront; remaining balance at 6.6% p.a. CPI escalation. Improvements excluded. Build, bond, and resell rights preserved; Freehold conversion feasible.
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 R406,194
How does this home’s price compare with similar properties?
Insight
Smaller than typical plots in Bendor — priced R 1,789/m² vs R 1,438/m² typical.
Compared with 83 homes (177 listings) in Bendor.
The lower price may partly reflect the smaller land size.
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.
