Enjoy convenient Polokwane living near shops and schools on a 228 m² plot with a 49.75-year renewable notarial lease — convertible to freehold, perfect for developers or investors.
Stand 24 is available on a 49.75-year renewable Notarial Lease registered in the Deeds Office, with future freehold conversion possible. A 25% upfront payment secures the stand, with the balance at 8% p.a. (CPI adjusted). Build, finance, and resell freely—ideal for developers, investors, or homeowners.
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.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R407,983
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 234 listings in Bendor
Insight
Priced below the median for similar land listings in the area. On a price-per-land-m² basis, it is 5% above the median. Land size is 76% smaller than typical for similar land.
Similar properties pricing
Key differences
Market depth
234 similar listings
High similar land inventory in Bendor
Median time on market: 59 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 a sought-after, upscale residential suburb in Polokwane known for its modern homes, proximity to major shopping hubs, and a convenient lifestyle perfect for families and professionals.
* Distances and amenities are approximate.