COSTS TO STAY OR BUY
Units at Deansgate are sold on the Life rights system. This means that a resident buys the rights to occupy a certain unit. In addition to the cost of the unit the resident will also need to pay a monthly levy, which covers rates, electricity and water. The levy cost is based on the square meterage of the unit.
Period of occupation
Percentage of resale price
Upon termination of the agreement the purchaser or the purchasers estate shall be entitled to receive a portion of the resale price of the life right, in accordance with the table set out above.
Deansgate is a registered non-profit organisation with an official fundraising number. As such it is a charitable organisation that relies on fundraising and donations from both the public and private sectors. Until very recently Deansgate received a significant subsidy from the Department of Social Welfare, but this subsidy was withdrawn in 2010.
For the last few years we have received grants from The South African Lottery Board.
The famous Deansgate Spring market is held every year.
For the market to be successful we rely heavily on donations from members of the public.
A non-refundable Administration fee of R3500 is payable to secure any of the rooms before occupation.
Cottages for Sale on Life Rights
|1 bedroom cottages
|From: R1 300 000.00
|2 bedroom cottages
|From: R2 700 000.00
|Between R3 500 to R8 500 per month,
depending on the size of the cottage
|Deluxe ensuite room
(private room with bathroom and kitchenette
|R25 725.00 per month
|Semi-deluxe single room
(private toilet, shared shower and kitchenette)
|R24 975.00 per month
|Garden view private room
|R24 495.00 per month
|Standard single room
|R23 785.00 per month
(3 to 8 bed)
|R21 000.00 per month
R20 150.00 per month
Between R3 500 to R8 500 per month, depending on the size of the cottage.
Lunch tokens for cottage residents or visitors: R90 each
Laundry tokens for cottage residents: R30 each
We can provide these products and it will be charged to the residents account.
For the resident’s account
Please note that we make use of blister packing. (Our staff will assist you should your pharmacy not offer this service)
Once weekly trips to Rosebank and Victory Park: No charge
R105 in a radius of 5km
R155 in a radius of 10km
Airports: R495 one way during office hours
Airports: R650 one way after hours
Prices are based on costs as at 2023 and are subject to change