4
Beds
2
Baths
397 m²
Floor area
About this property
A promising renovation opportunity in the heart of Grassy Park, Cape Town, this four-bedroom house offers a solid structure on a generous floor area of approximately 397 m², ready for a buyer with vision to restore it to its full potential.
The open-plan lounge and dining area is a characterful space featuring a freestanding wood-burning fireplace/stove, exposed timber ceiling beams with a white-painted tongue-and-groove ceiling, grey slate-effect floor tiles, and large curtained windows that bring in good natural light. A security mesh-and-frame door provides access to the covered stoep or carport area.
The kitchen is a functional galley-style room with original mint-green laminate cabinetry, wooden countertops, a stainless-steel double sink, white wall tiles, a freestanding electric stove with oven, and a warm timber ceiling — an ideal candidate for a contemporary remodel. The kitchen leads through to the rest of the home via an arched passage.
The home includes four bedrooms and two bathrooms (as listed), with the remaining rooms not yet photographed in this partial image set. Window burglar bars are visible throughout, providing a baseline level of security.
The property is excellently situated within walking distance of Sid G. Rule Primary School (~123 m), Michaels Park (~132 m), and Eighth Avenue Shopping Centre (~476 m), with Victoria Mall also close by (~614 m). Grassdale High School and Grassy Park High School are both within 620 m. A convenient location for families and investors alike.
Rooms & layout
Features & amenities
Price & ownership
Cost to buy (indicative)
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
Rough split: 97.4% purchase price, 2.6% buying costs.
- Asking price R 1 500 000
- Transfer duty (est.) R 8 700
- Deeds Office (transfer) R 1 304
- Conveyancing (est., incl. VAT) R 30 475
- Deeds lodgement R 52
- Total indicative R 1 540 531
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
Total paid over 20 years (deposit + repayments): R 3 549 589
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 1 350 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.