- Pool, with a safety net
- Covered patio next to the pool
- Built-in braai
- Braai patio
- Garage
- Open-plan lounge
- Lounge, looking towards the kitchen
- Lounge, with a feature wall
- Bedroom one
- Bedroom two
- Bedroom three, with built-in cupboards
- Bathroom with bath and shower
- Kitchen
- Second bathroom
- Bedroom four
- Patio and braai, furnished
- Pool and patio, furnished
- Patio dining, furnished
- Kitchen, furnished
- Main bedroom, furnished
- Lounge, furnished
- Garage door from the driveway
- Front entrance
- Kitchen, with built-in oven and hob
- Scullery, with space for a washing machine
- Lounge and dining area, furnished
- Hallway and cupboards
- Main bathroom
- Bedroom two, furnished
Some photos show the home furnished and some show it empty. All have been digitally touched up.
Available now · Lease to Buy SA only
Four-bedroom family home with a pool, near Kruger's Phalaborwa Gate
Phalaborwa, Limpopo
- 4 bedrooms
- 2 bathrooms
- Pool
- Covered braai patio
- Garage
- Freehold, no levies
The home and the terms
A freehold family home with four bedrooms, two bathrooms, a pool, a covered patio with a built-in braai and a garage, a short drive from the Kruger National Park's Phalaborwa Gate. There are no levies. It's offered only as a Lease to Buy SA home.
| Purchase price | R2 100 000, fixed for 5 years |
| Lease option fee | R210 000, paid when you move in |
| Rent | R21 000 a month, rising 7% a year |
| Deposit | R21 000, refundable |
| Application fee | R1 495, once |
| Option period | 5 years. Buy at any time. |
- Your option fee comes off the price. Buy at any time in the 5 years and, as long as your lease isn't in breach, the full R210 000 is deducted.
- Buy your way. Use a bond from any bank, or cash, whenever you're ready.
- Or let us finance you. Pay your rent well for the 5 years and you qualify for 30-year seller finance from Nine Stones Capital, subject to the affordability assessment the National Credit Act requires.
- Sell whenever you like. During the lease or while you're paying off our finance, sell the home and keep 100% of the equity. No penalties, ever.
Your rent, year by year
Rent rises 7% on each anniversary of your lease.
| Lease year | Rent a month |
|---|---|
| Year 1 | R21 000 |
| Year 2 | R22 470 |
| Year 3 | R24 043 |
| Year 4 | R25 726 |
| Year 5 | R27 527 |
To move in: the R210 000 option fee and the R21 000 deposit, plus the application fee.
When you buy: your balance and instalment
These are the same numbers our calculator gives for a R2 100 000 home on a 5-year lease. They assume you buy with our seller finance at the end of the lease.
Your R210 000 option fee is 10% of the price, which fixes your rate at 13%. Put down more than 10% in total and the rate drops to 12%, our lowest. For this home that takes just R5 000 extra.
Remember: the extra deposit is only due when you take up our finance, after your 5-year lease. You don't pay it when you move in.
Prefer a bank or cash? Buy at any time in the 5 years, and the R210 000 still comes off the price.
Seller finance on this home
Our lowest rate
That's about R1 500 a month less. Seller finance is subject to an affordability assessment under the National Credit Act.
Questions about this home
Can I rent this home without buying it?
No. It's offered only as a Lease to Buy SA home: you lease it with the sole right to buy it at R2 100 000 at any time in the 5 years.
What do I pay to move in?
The lease option fee of R210 000 and a refundable deposit of R21 000, plus the once-off application fee of R1 495. The option fee comes off the price when you buy, as long as your lease isn't in breach.
How much does the rent go up?
It starts at R21 000 a month and rises 7% each year of the lease, so it's R27 527 a month in year 5. Like an owner, you also pay the rates and look after the maintenance.
How do I get the lowest seller-finance rate?
Put down more than 10% in total. Your R210 000 option fee already counts as 10%, so adding R5 000 to your deposit when you buy fixes your rate at 12% instead of 13%. That extra deposit is only due after your 5-year lease, when you take up our finance. Nothing extra is due when you move in.
Can I sell the home later?
Yes, at any time: during the lease or while you're paying off our finance. You keep 100% of the equity, and there are no penalties.
Why is the price above the home's market value?
The home's market value is about R1.75m. As with every Lease to Buy SA home, the price is set 20% above that and fixed for the full 5 years. That pays for a price that can't rise, the sole right to buy, and a seller who will finance you if a bank won't.
About the area
Phalaborwa sits on the edge of the Kruger National Park, with copper and phosphate mining at the heart of its economy. Read what rent-to-own looks like in Phalaborwa, including the local market, who it suits and what daily life is like.
New to rent-to-own? How rent-to-own works takes eight short steps.
Want to make this home yours?
Apply in five minutes and tell us you're interested in the Phalaborwa home. We'll come back to you to talk it through.