2 Bedroom Apartment in Berea

Penthouse Apartment for Sale in Glenwood R850,000 (Market Value R1,100,000)

A Rare Find with Breathtaking City, Bluff, and Harbour Views!

Welcome to your perfect haven in the heart of Glenwood, one of Durbans most peaceful and convenient suburbs. Just a stones throw from top schools, universities, colleges, hospitals, and shopping centres, and only a short drive from the beach this home offers both lifestyle and investment value.

Located on the 8th floor, this 130m east-facing penthouse unit captures panoramic views of the City Centre, Bluff, and coastline stretching as far as the eye can see.

Property Features:

2 spacious bedrooms with built-in cupboards and parquet flooring

1 full bathroom (with shower-over-bath and plumbing for a front loader)

Separate toilet

Large open-plan lounge and dining area

Massive 51m tiled balcony with potential to extend living space or build a bachelor unit (Body Corporate approval required)

Fully fitted kitchen

Prepaid electricity

Air conditioner, Wi-Fi connection point & DSTV dish (fully wired)

Total size: 130m (Living 79m + Balcony 51m)

Building Features:

Well-maintained complex with 24-hour manned security & full CCTV coverage

Secure parking available (R175 per bay via Body Corporate)

Monthly Costs:

Municipal Rates & Waste: R1,385.03

Levy: R3,736.78

Reserve Fund: R869.62

Parking: R175.00 (per bay)

Estimated Renovation Costs (Optional):

Bathroom: R20,000

Kitchen: R20,000 (plus optional second bathroom)

Drywalling for third bedroom: R9,000

Investment Potential:

Market value sits at R1.1 million, offering instant equity and room to add value by extending the balcony into extra living space or a rental bachelor unit perfect for student accommodation or an additional income stream.

Location Highlights:

Close to Davenport Square, Glenwood Village, schools, and major hospitals

Easy access to transport routes and the beach

This property is priced to go ideal for couples, families wanting a low-maintenance lifestyle, or savvy investors seeking high rental potential.

Contact Senzo Nzama