Sale
South Africa

1

Beds

1

Baths

65 m²

Floor area

Apartment 1 bed 1 bath 65 m²

About this property

A rare corner apartment in the sought-after Old Cape Quarter development in De Waterkant, this one-bedroom home represents a compelling blend of architectural finesse, generous proportions, and vibrant urban living. The unit spans 65 m² of internal floor area complemented by a substantial 44 m² L-shaped timber deck — total combined size of 109 m² — and enjoys captivating views over the leafy De Waterkant hillside and colourful village streetscape.

The open-plan living area is anchored by a designer kitchen finished in dark anthracite-grey cabinetry with white uppers, a pale glass splashback, white stone-look countertops, a five-burner gas hob, under-counter oven, integrated dishwasher, and generous tall-column storage. Engineered timber flooring in a warm blonde tone runs throughout, while a statement pendant light anchors the dining area where a solid-timber dining table seats four to six. The lounge enjoys a wall-mounted flat-screen television, soft grey upholstery, and floor-to-ceiling double-glazed sliding doors that open directly onto the deck.

The L-shaped deck — clad in teak-toned hardwood decking — features an outdoor dining set and is screened by lush established plantings. Corner positioning allows two aspects of views: hillside greenery and the adjacent Cape Quarter Lifestyle Village precinct (approximately 155 m away). The bedroom is visible from the living area and features built-in storage and warm cedar-clad sliding door detailing. The bathroom offers a penny-tile feature wall and natural light from a window, as described.

Further highlights include air-conditioning, double-glazed floor-to-ceiling windows and doors, a secure parking bay, bicycle storage, and excellent 24-hour security. The apartment is VAT inclusive with no transfer duty payable. Monthly rates are approximately R2,700 and levies approximately R1,870.

De Waterkant's cosmopolitan dining and retail scene sits literally at the doorstep — Izakaya Matsuri, Vasco da Gama Taverna, and Ala Turkish Restaurant are all within 70 m, and SPAR Cape Quarter is roughly 130 m away.

Rooms & layout

Bedroom 1
Bathroom
Kitchen
Lounge / Dining
L-shaped Deck / Terrace

Features & amenities

air conditionedcorner apartmentterracegardensecurityparkingbicycle storagedouble glazed windowsopen plancity views

Price & ownership

Asking price R 7 800 000
Price per m² R 120 000
Municipal valuation -

Cost to buy (indicative)

This listing is marked as a VAT-vendor sale. The price is treated as VAT-inclusive; transfer duty does not apply. Registration and conveyancing fees still apply.

Upfront split

Property price R 7,8M
Taxes + legal + admin fees R 99,8K

Rough split: 98.7% purchase price, 1.3% buying costs.

  • Asking price R 7 800 000
  • Deeds Office (transfer) R 6 778
  • Conveyancing (est., incl. VAT) R 92 941
  • Deeds lodgement R 52
  • Total indicative R 7 899 771

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 73 658 /month

Total paid over 20 years (deposit + repayments): R 18 457 865

Deposit 10% · R 780 000
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 7 020 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.