R 850 000 | 2 bed property for sale 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