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Create a flexible live-work lifestyle in Polokwane’s growing suburbs, Limpopo — 16,672 m² stand ideal for townhouse clusters, multi-unit or integrated work-home-play developments on a renewable notarial lease.
This 16,672m2 stand offers a prime opportunity for residential or Work-Home-Play development in Limpopo’s growing suburbs. Ideal for townhouse clusters, multi-unit projects, or integrated home-business living, it provides developers and investors with flexibility and strong long-term potential.
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 R14,763,056
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 234 listings in Bendor
Insight
Priced above the median for similar land listings in the area. On a price-per-land-m² basis, it is 48% below the median. Land size is 1619% larger than typical for similar land.
Similar properties pricing
Key differences
Affordability
R 144,921 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
234 similar listings
High similar land inventory in Bendor
Median time on market: 57 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Bendor is an upscale residential suburb in Polokwane known for its leafy streets, modern homes, and proximity to essential amenities, making it a desirable location for families and professionals.
* Distances and amenities are approximate.
