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Create a stylish indoor–outdoor family retreat on a generous 1,261m² stand in Polokwane, secured by a renewable 49.75-year notarial lease with future freehold option.
This 1,261m2 stand is available under a 49.75-year renewable Notarial Lease with Deeds Office registration, perfect for building a stylish home or investment property. Its size allows for a combination of indoor and outdoor living spaces.
A 25% first lease payment secures the stand; balance payable according to the agreed plan.
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 R2,143,700
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 211 listings in Bendor
Insight
Priced above the median for similar land listings in the area. Land size is 37% larger than typical for similar land.
Similar properties pricing
Key differences
Affordability
R 21,043 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
211 similar listings
High similar land inventory in Bendor
Median time on market: 50 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
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Bendor is an upscale, family-friendly suburb in Polokwane known for its leafy streets, modern homes, and proximity to essential amenities, offering a comfortable and convenient lifestyle.
* Distances and amenities are approximate.
