Sale
South Africa

3

Beds

2

Baths

1

Parking

195 m²

Floor area

Apartment 3 beds 2 baths 195 m²

About this property

Overview

Exclusive Sole Mandate with Knight Frank Properties

This corner property features two street entrances and exceptional flexibility. The main entrance sits on Belmont Road serving the private home, while a second entrance on Albert Road provides independent access to two separate bachelor flats. The property offers genuine character, strong income potential, and the option to reconfigure for different living arrangements.

Main House

The main residence boasts two bedrooms, an open-plan lounge, dining area, and kitchen with French doors opening onto a private courtyard and parking area. Original wooden floors, two fireplaces, high ceilings, and classic sash windows enhance its period charm and appeal.

Bachelor Flats & Flexibility

Two bachelor flatlets occupy the rear of the property, each with its own entrance from Albert Road. Currently configured as income-producing rental units, they can alternatively be reconfigured—one flat can be reintegrated into the main house to create a three-bedroom home with two bathrooms, plus one studio flat with en-suite, depending on the new owner's preferences.

The automated garage on the Albert Road side accommodates one to two cars, depending on vehicle size.

Location – Mowbray Village

This well-loved historic neighbourhood is a charming residential pocket renowned for beautifully restored heritage homes, including the iconic terraces on Albert and Grove Roads—protected as National Heritage Monuments. The community attracts creatives, academics, young professionals, and families who value a connected, convenient lifestyle.

Mowbray Village offers excellent proximity to UCT and Groote Schuur Hospital, positioning it at the gateway to the Southern Suburbs while remaining just minutes' drive from town, the Foreshore, and UCT. The location sits opposite the traffic flow to nearby schools, adding to its convenient appeal.

Rooms & layout

Bedroom × 3
Bathroom × 2
Kitchen
Lounge
Dining Room
Garage
Studio Flat

Features & amenities

heritage propertycorner plottwo entranceswooden floorsfireplaceshigh ceilingssash windowscourtyardincome-producing unitsbachelor flats

Price & ownership

Asking price R 2 900 000
Price per m² R 14 872
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 2,9M
Taxes + legal + admin fees R 151,6K

Rough split: 95.0% purchase price, 5.0% buying costs.

  • Asking price R 2 900 000
  • Transfer duty (est.) R 99 200
  • Deeds Office (transfer) R 2 520
  • Conveyancing (est., incl. VAT) R 49 865
  • Deeds lodgement R 52
  • Total indicative R 3 051 637

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 27 386 /month

Total paid over 20 years (deposit + repayments): R 6 862 540

Deposit 10% · R 290 000
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 2 610 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.