Apartment for sale

R 1 450 000

Observatory , Cape Town , Western Cape

Beds

Baths

Parking

37 m²

Floor area

Apartment 1 bed 1 bath 37 m²

About this property

Located in the heart of vibrant Observatory, this well-positioned studio apartment in Obs Court presents an excellent opportunity for both investors and first-time buyers looking to enter one of Cape Town's most dynamic property markets.

Observatory is widely known for its lively atmosphere, strong rental demand, and proximity to major educational and medical institutions. With University of Cape Town, Groote Schuur Hospital, and the Cape Peninsula University of Technology all within close reach, the area attracts a consistent flow of students, young professionals, and medical staff seeking convenient accommodation. This makes studio apartments in the area particularly attractive as reliable rental investments.

The apartment offers a smart, open-plan layout that maximises space and natural light, creating a comfortable and functional living environment. The unit includes a combined living and sleeping area, a practical kitchen, and a private bathroom, making it an ideal low-maintenance lock-up-and-go property.

Residents benefit from secure underground parking and 24-hour security, providing peace of mind and convenience in this centrally located building.

Rooms & layout

Bedroom 1

Bathroom

Kitchen

Lounge

Garage

Features & amenities

Underground parking24 hour securityOpen plan layoutStudent accommodationRental investment

Price & ownership

Asking price R 1 450 000

Price per m² R 39 189

Municipal valuation -

Cost to buy (indicative)

Including bond costs

Purchase type is not confirmed below. Transfer duty is estimated for a standard resale (not a VAT-inclusive developer or vendor sale). Check with the agent.

Upfront split

Property price R 1,5M

Taxes + legal + admin fees R 38,1K

Rough split: 97.4% purchase price, 2.6% buying costs.

Asking price R 1 450 000
Transfer duty (est.) R 7 200
Deeds Office (transfer) R 1 260
Conveyancing (est., incl. VAT) R 29 612
Deeds lodgement R 52
Total indicative R 1 488 124

Estimates from SARS transfer duty tables, Deeds Office–style fees, and LSSA conveyancing guidelines. Not financial or legal advice — confirm with your attorney. Duty uses the higher of price or market value.

Table ref: sars_2025-04-01

Bond Calculator

R 13 693 /month

Total paid over 20 years (deposit + repayments): R 3 431 270

Deposit 10% · R 145 000

Loan term 20 years

5 yr 30 yr

Interest rate 11.25% p.a.

5% Prime ~11.25% 20%

Monthly repayment vs interest rate (deposit fixed at 10%)

Monthly repayment vs deposit percentage (rate fixed at 11.25%)

Indicative estimate only. Loan of R 1 305 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.