Sale
South Africa

2

Beds

2

Baths

Apartment 2 beds 2 baths

About this property

This well-presented 2-bedroom apartment is situated in a small, professionally managed block in the sought-after suburb of Mowbray, Cape Town. The building presents a multi-storey brick and rendered façade with Art Deco-influenced features, accessed via an automatic mesh security gate with off-street parking within a fully fenced perimeter.

Inside, the apartment impresses with high ceilings, generous natural light, and a spacious open-plan lounge, dining, and kitchen layout. The living area is finished with large-format white floor tiles and features stylish geometric wire pendant light fittings, crown moulding, and sliding aluminium-framed glass doors that open onto a private balcony. A wall-mounted TV point and separate dining nook with a table and four chairs complete the living space.

The kitchen is fitted with gloss high-line cabinetry, a light composite countertop, induction hob, under-counter oven, double stainless-steel sink with mixer tap, and an LG front-loader washing machine — all in a clean, contemporary finish. A full-size stainless-steel fridge/freezer is accommodated alongside.

Both bedrooms are generously proportioned, each with ensuite bathrooms and built-in cupboards. Beautiful parquet floors in the bedrooms complement the tiled living spaces.

Ideal as a buy-to-let investment, the apartment currently has long-term tenants in place, offering immediate rental income. The location is exceptional for student and professional rental demand: Central Technical College (CTC) is virtually on the doorstep at approximately 37 m away, Damelin (Liesbeek Parkway campus) is around 100 m away, and Eduvos Mowbray Campus is approximately 199 m away. Popular eateries — including The Fat Cactus Mowbray and B74 — are within 200 m, and Mowbray Station is approximately 314 m away for easy commuter access across the city.

Rooms & layout

Bedroom × 2
Bathroom × 2
Open-Plan Lounge / Dining
Kitchen
Balcony
Parking Bay

Features & amenities

art decoinvestment propertyensuite bathroomsbuilt in cupboardsparquet floorshigh ceilingsautomatic gateart deco featuresopen plan lounge and kitchenlarge format tile flooring

Price & ownership

Asking price R 1 550 000
Municipal valuation -

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

Property price R 1,6M
Taxes + legal + admin fees R 42,9K

Rough split: 97.3% purchase price, 2.7% buying costs.

  • Asking price R 1 550 000
  • Transfer duty (est.) R 10 200
  • Deeds Office (transfer) R 1 347
  • Conveyancing (est., incl. VAT) R 31 280
  • Deeds lodgement R 52
  • Total indicative R 1 592 879

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 14 637 /month

Total paid over 20 years (deposit + repayments): R 3 667 909

Deposit 10% · R 155 000
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 1 395 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.