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Mount Vernon, Mount Vernon, Durban, KwaZulu-Natal
R 600 000
An undeniable value proposition in a rapidly advancing suburb. Set on a substantial 1,020m2 plot with generous road frontage, this property represents land value first and foremost. The existing dwelling is in poor condition — an “ugly duckling” surrounded by increasingly refined and upmarket homes, with active development transforming the streetscape. The garage and outbuilding remain in solid condition, offering practical storage for materials or accommodation for workers during renovation or redevelopment. Development Potential The size and configuration of the land open several possibilities: Redevelop into multiple units Subdivide (subject to special permission) Demolish and build a modern residence aligned with neighbouring high-end properties The area is fast becoming comparable in appeal and value growth to Malvern, Escombe and Northdene across multiple metrics. Amafa Considerations Properties over 60 years old fall under the oversight of the KwaZulu-Natal Amafa and Research Institute. However, only structures with specific historical significance are protected. This property is not a heritage building, and approval for demolition or alteration would be granted. Important Notes Cash buyers only Sold as is No electrical CoC No borer certificate For the right buyer, this is a strategic acquisition in a suburb clearly on the rise.
Estimated monthly repayment
R 5 666
on a R 540 000 bond over 20 years at 11.25%
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Mount Vernon, Mount Vernon, Durban, KwaZulu-Natal
Fair-value check
Good valuePriced 51% below comparable 3-bed houses for sale in Mount Vernon
Based on 16 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Busisiwe Swanepoel
Unclaimed listing — claim it to verify
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