Tricolt · Waterfall City
Ellipse Waterfall
Four sculpted towers at the heart of Waterfall City.
- Price from
- R 1 395 000
- Gross yield
- 8.3% gross / 6.5% net
- Projected ROI
- 11.6% p.a. blended
- Completion
- Q1 2027 (Tower 4)
Overview
Luxury Tower Residences in Magwa Crescent, Waterfall City, Midrand
Ellipse Waterfall is the tallest residential development in Waterfall City — four curved towers rising above a landscaped podium with pools, a gym, a padel court and a residents' lounge. Apartments are north-facing with floor-to-ceiling glazing and views across the Waterfall precinct to the Magaliesberg.
- Tallest residential towers in Waterfall City
- Podium pools, gym, padel court and residents' lounge
- Private precinct infrastructure — power, water and security
- 800 m from Mall of Africa and Netcare Waterfall City Hospital
- Towers 1–3 already delivered and fully tenanted
Unit schedule
Prices, sizes and returns
| Unit type | Size | Price | Deposit | Monthly bond | Term | Est. rental | ROI |
|---|---|---|---|---|---|---|---|
| Studio | 34 – 40 m² | R 1 395 000 | R 140 000 | R 13 200 | 240 months (20-year bond) | R 10 500 pm | 9.0% gross |
| 1 Bedroom | 50 – 62 m² | R 1 950 000 | R 195 000 | R 18 400 | 240 months (20-year bond) | R 14 500 pm | 8.9% gross |
| 2 Bedroom | 84 – 102 m² | R 3 250 000 | R 325 000 | R 30 700 | 240 months (20-year bond) | R 23 500 pm | 8.7% gross |
| 3 Bedroom | 132 – 158 m² | R 5 250 000 | R 525 000 | R 49 600 | 240 months (20-year bond) | R 36 000 pm | 8.2% gross |
Bond repayments modelled at the current South African prime rate of 11.25% over 20 years. Figures are indicative and subject to bank approval.
Payment plan
Staged developer instalment plan
15% deposit split over the first three months
25% in equal quarterly instalments linked to construction milestones (slab, topping-out, facade)
60% on transfer, bond registration and occupation
Up to 100% bonds available for South African residents; 50% LTV for non-resident buyers
Instalments are interest-free and held in a Section 78(2A) attorney trust account.
Investment analysis
Model your return
- Gross rental yield
- 9.03%
- Net rental yield
- 7.05%
- Net annual income
- R 98 280
- Cash invested
- R 139 500
- Value in 5 years
- R 1 866 825
- 5-yr return on equity
- 690%
Assumes 22% of gross rental absorbed by levies, rates, management and vacancy. Illustrative only — not financial advice.
Gallery
Renders, interiors and site progress
Programme
Construction timeline
- Completed
Land acquisition & rights approved
Complete
- Completed
Bulk earthworks & piling
Complete
- Completed
Basement & podium structure
Complete
- Programmed
Superstructure & topping out
Scheduled
- Programmed
Facade, glazing & fit-out
Scheduled
- Q1 2027 (Tower 4)
Practical completion & transfer
Scheduled
Amenities & location
What surrounds the building
Amenities
- 24/7 manned security & biometric access
- Backup power and water infrastructure
- Rooftop infinity pool & sun deck
- Fully equipped fitness studio
- Co-working lounge and boardroom
- Concierge and parcel management
- Fibre-ready throughout
- Secure basement parking
- Landscaped podium gardens
- Pet-friendly policy
Schools
- Curro Waterfall (1 km)
- Reddam House Waterfall (2 km)
- Crawford International (3 km)
Healthcare
- Netcare Waterfall City Hospital (1.5 km)
- Life Carstenhof (7 km)
Retail
- Mall of Africa (1 km)
- Waterfall Corner (2 km)
- Kyalami Corner (6 km)
Transport
- Allandale Road interchange (1 km)
- Midrand Gautrain (5 km)
- N1 Highway (2 km)
FAQs
Common questions
Can foreign nationals buy at Ellipse Waterfall?
Yes. Non-residents may purchase South African property in their own name. Funds must be introduced through an authorised dealer bank and recorded as foreign capital so proceeds can be repatriated on resale. Non-residents typically qualify for a 50% loan-to-value local bond.
What is payable in addition to the purchase price?
New off-plan developments carry no transfer duty — VAT is included in the listed price. Buyers pay bond registration costs where a bond is raised, plus a first levy contribution and municipal deposit on occupation.
When is occupation expected?
Practical completion and first occupation are programmed for Q1 2027 (Tower 4), subject to the standard construction contract provisions.
Is my deposit protected?
All deposits are held in a Section 78(2A) interest-bearing attorney trust account in the purchaser's favour until transfer, and the development is registered with the NHBRC.
Do you assist with letting after transfer?
Yes. PrimeStone Rentals offers a full letting and management mandate covering tenant placement, compliance and monthly reporting at 8% of gross rental.