Sale
South Africa

4

Beds

2

Baths

117 m²

Floor area

House 4 beds 2 baths 117 m²

About this property

This well-maintained three-bedroom house offers comfortable, characterful living in the heart of Observatory, one of Cape Town's most vibrant and walkable neighbourhoods. The distinctive blue-and-white rendered façade with its bold geometric patterning and patterned cement-tile courtyard immediately sets the property apart.

The accommodation comprises three bedrooms: two generously sized rooms sharing a centrally located bathroom, and a third bedroom with its own private toilet and shower en suite. One bedroom is arranged over two levels, with a downstairs area suitable for a home office or study and an upper sleeping space — ideal for remote work or a flexible live-work setup.

The kitchen is well-appointed with light wood-grain cabinetry, dark laminate countertops, a checkerboard tile splashback, a four-plate electric stove and oven, double sink, and space for a fridge, washing machine, and microwave. An open archway connects to a compact dining nook with a built-in bench — perfect for casual meals. Natural light and a barred window ensure security without compromising ventilation.

Outdoors, a sheltered side courtyard paved with patterned encaustic cement tiles provides a private braai and relaxation area, enclosed by rendered perimeter walls with a spiked security topper. A partial Table Mountain glimpse is visible from the courtyard.

The property is sold fully furnished and is currently secured with a 12-month rental agreement, offering immediate rental income and strong investment appeal. Observatory Station is approximately 250 m away, and the lively Lower Main Road — with its cafés, restaurants, and nightlife — is immediately on the doorstep: UrbanTikka, Kind Regards, Trenchtown, and the Obz Lifestyle Market are all within 250 m. KWIKSPAR Observatory is ±85 m away, and Station Road Park is ±65 m from the property.

Rooms & layout

Bedroom × 4
Bathroom × 2
Kitchen
Dining Nook
Lounge
Courtyard / Braai Area

Features & amenities

braai areafurnishedhome officestudyincome generatinginvestment propertyfully furnishedpatterned cement tile courtyardhome office / studydouble storey bedroom

Price & ownership

Asking price R 2 350 000
Price per m² R 20 085
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 2,4M
Taxes + legal + admin fees R 100,2K

Rough split: 95.9% purchase price, 4.1% buying costs.

  • Asking price R 2 350 000
  • Transfer duty (est.) R 55 200
  • Deeds Office (transfer) R 2 042
  • Conveyancing (est., incl. VAT) R 42 935
  • Deeds lodgement R 52
  • Total indicative R 2 450 229

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 22 192 /month

Total paid over 20 years (deposit + repayments): R 5 561 024

Deposit 10% · R 235 000
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 2 115 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.