08/07/24
✨ Goldenmile Living at Its Finest ✨
Grosvenor Court
2 🛌 1.5 🛁
For Sale @ R1,599,000
Levy: R1,800
Rates: R1,300
Potential Rental: R8,500pm
Roi: 4%
Shireen M presents this gorgeous apartment in the prestigious Grosvenor Court, perfectly positioned in the heart of Durban’s Goldenmile — where the city’s energy meets the tranquillity of the sea.
📍 Location, Location, Location!
Live steps away from the Durban Tourism Centre, North Beach promenade, and world-famous hotels like The Maharani and Elangeni. Enjoy morning strolls along the Golden beaches, unwind in the lush parks across the road, and indulge in a wide variety of cafés and seaside eateries — all right on your doorstep.
The apartment offers:
🏡 Open-plan living area seamlessly combining kitchen, lounge & dining
🍽️ Modern kitchen with BICs, granite tops, hob, oven, extractor, and appliance connections
🛏️ Two bedrooms with built-in cupboards
🚿 Bathroom with shower, basin & toilet + separate guest toilet
🌅 Large windows that flood the home with natural light & breathtaking Goldenmile views
🚘 Safe parking available for rent behind the building
🛡️ Secure complex with 24/7 security, CCTV & controlled access
💫 Experience the best of Durban’s beachfront lifestyle — vibrant, secure, and full of life. At Grosvenor Court, every day feels like a seaside getaway.
01/07/24
Why Choose Overport as your Residence
OVERPORT is a popular suburb and is home to a large Indian community and there is a strong community feel among those who live here. Lightstone's statistics indicate that a large percentage of people (42%) have lived in the area for longer than 11 years and that the largest percentage of recent buyers (80%) are between 36 and 49 years old.
Understandably many shops in the area cater for the local population. Spice shops, Indian clothing shops, fresh fruit and vegetable stores, fabric outlets and halaal restaurants and takeaways dominate, and the area also houses the Overport mosque, Soofie Masjid. The shopping scene has improved in recent times with the upgrade of The Atrium (previously known as Overport City). This large centre, so named for the 17,8m atrium at the heart of the mall, features a wide variety of shops and banks as well as a large, well-known supermarket.
Schools in the area include Overport SRS Primary School, Hartley Road Primary School and Overport Secondary School. Because of its central location, parents aren't restricted to sending their children to local institutions, and schools such as Clifton, Durban High School and Durban Girls’ College remain popular choices for local residents.
This vibrant area of Durban offers a variety of homes to choose from. Interestingly, many of the smaller, slightly run down older properties have undergone a revamp and have been transformed into upmarket, gorgeous homes. This, however, doesn't mean that first-time buyers won't be able to afford to buy here – there are numerous apartments and less grandiose properties available for those working with a limited budget.
The community spirit is good with residents actively participating in local affairs. It's great that all amenities are so close and if you can't find what you are looking for, the central location allows easy access to the rest of Durban.
Nearby medical facilities:
- Netcare Parklands Hospital
- McCord Hospital
- Nu-Shifa Hospital
- Ahmed Al Khadi
Best in food:
- Caminettos
- Roman's
- My Diner
- Al Razaaq
- China Garden
- And many more.
Top schools:
- Hartley Road Primary School
- Overport SRS Primary School
- Overport Secondary School
24/06/24
🌴 Luxury Living in Prestigious Umhlanga Rocks 🌴
Canterbury Crescent
5 🛌 6 🛁 13 🚗 🏊♂️ For sale @ R12,750,000
Rates: R9,500
Shireen M presents this architectural masterpiece set in the heart of Umhlanga Rocks — one of South Africa’s most exclusive coastal addresses.
Umhlanga is more than a suburb — it’s a lifestyle statement. Known for its golden beaches, vibrant village atmosphere, and world-class amenities, this is where luxury, leisure, and location meet. From the iconic Umhlanga Promenade to upmarket shopping at Gateway, fine dining, five-star hotels, and pristine coastline — everything about Umhlanga speaks to prestige and convenience.
This 5-bedroom, 6-bathroom mansion offers everything you could dream of — and more.
Designed for grand living and effortless entertaining, the home boasts:
🏡 Multiple lounges, dining areas & balconies with spectacular sea views
🍽️ Gourmet kitchen with top-end finishes, scullery & laundry
🛏️ Luxurious bedrooms, all ensuite, with private balconies
🧘♀️ Prayer room, study, and roof garden
🌊 Outdoor paradise with swimming pool, jacuzzi, pond, and landscaped garden
🚗 Parking for up to 13 vehicles, including 2 double garages
💧 Elegant water features flowing through the property
✨ Extras that elevate this home:
2 x JoJo Tanks, solar geysers, and an inverter system that powers the lights, CCTV cameras, electrical fencing, and air-conditioning throughout — offering comfort, security, and efficiency in every season.
Set within minutes of the beach, top schools, Umhlanga Village, and the N2, this home defines prime coastal luxury.
✨ Live where Durban comes alive — in Umhlanga Rocks, the jewel of the North Coast. ✨
💰 Asking Price: R12,750,000
Shireen Mansoor
Real Estate Agent | ShireenM – Powered by Real Estate Services
📞 083 597 8602 | ☎️ 031 023 1111 | ✉️ sm@shireenm.co.za
23/06/24
Pros of Investing in Property in SA
1. There’s a High Financial Reward
One of the main reasons why property investment is so popular is that you’re almost guaranteed a good return on investment, especially if you’re up to date with real estate trends Property values appreciate with time — the longer you own your property, the more it’s worth and the more profit you can make!
You can also use your rental income to help pay off your home loan. And once that’s paid off, you get a steady cash flow each month. Plus, paying off your home loan on time can do wonders to boost your credit score which will help you make investments in the future.
2. You Get Tax Benefits
South Africa encourages property investment by giving tax incentives to property investors:
There’s no VAT payable on property in South Africa.
You also benefit from tax deductions on all interest, maintenance, levies, insurance and all other costs incurred on the property.
For every 5 properties you buy, SARS allows a minimum of 55% of the purchase price as a tax deduction.
With property investment, you end up saving money in the long run.
3. Property Remains a Stable Investment
Unlike investing in stocks, investing in property offers relative stability as a physical asset. South Africa’s property market is remarkably stable and is even considered the most stable on the continent. This means that property is a much safer investment where you don’t have to worry about your investment suddenly losing value.
4. You Have Some Freedom
As the owner of your property, you have the freedom to do what you want with it. This includes upgrades and renovations where you can increase the value of your property, boosting your profit. For example, you could install an inverter to beat loadshedding and increase your property’s value.
If you know what you’re doing, flipping houses by purchasing a low-value property and renovating it can earn you a high return on your investment. Alternatively, you can purchase a property, subdivide and sell which also often leads to great financial reward.
5. There’s a Property Shortage
It’s no secret that South Africa has a housing crisis — there simply aren’t enough homes for the number of people. In fact, South Africa has a backlog of over 2.3 million units. This high demand for affordable housing means that you can expect a steady stream of eager tenants and a steady flow of income.
And the development of a strong middle class in South Africa is resulting in a migration to better neighbourhoods and more expensive homes which means a higher growth potential for investors.
6. You Can Benefit From High Property Rental Rates
With the rising interest rates, increasing inflation and high housing demands in South Africa, you can take advantage of the high rental rates at the moment. This allows investors to pay off their home loans faster and make more profit.
However, it’s essential that you choose your property wisely to ensure its increasing value beats the annual rise of inflation.
7. South Africa Is a Popular Holiday Destination
Cape Town is regularly ranked as one of the best value-for-money holiday destinations in the world. This opens up a sea of opportunity for property investors who are looking to invest in holiday property.
The advantages of holiday property are:
You can charge a much higher rental rate, thus making a higher profit.
It’s a lot more flexible with short-term tenants.
You have the option to stay in it yourself by choosing not to rent it out for short periods of time.
However, it does come with its disadvantages:
Your cash flow from rental income is much less reliable when you’re likely to have periods where you don’t have any tenants
There are higher maintenance costs.
8. You Can Capitalise on Relatively Low Interest Rates
While interest rates have recently gone through a series of hikes, they are still relatively low. As of April 2024, interest rates were still at 11,75%, where they were a year ago. However, this still sits below the average of 13% - 15,5%. This means now’s a good time to invest in property before the interest rates increase.