Sale
South Africa

3

Beds

3

Baths

1

Parking

91 m²

Floor area

Apartment 3 beds 3 baths 91 m²

About this property

A well-presented 91 m² apartment in The Paragon, situated at the corner of Main Road and Bowden Road in the heart of Observatory. The apartment offers three bedrooms — one en-suite with a walk-in bathroom, one twin bedroom, and a main bedroom — complemented by two bathrooms. The contemporary open-plan layout flows seamlessly from the fully equipped kitchen, with its white gloss cabinetry, quartz island/breakfast bar, stainless-steel appliances (fridge-freezer with water dispenser, electric oven and hob, microwave, kettle and toaster), into the living and dining areas. The dining room seats six comfortably and connects to a sliding-door balcony with views towards the street. The lounge features a wall-mounted flat-screen TV and direct sightlines into the kitchen — ideal for entertaining.

The Paragon complex offers a communal pool and 24-hour security with intercom access. A parking bay and full furnishings are included. The apartment is fully tiled throughout, with crisp white walls, LED track lighting, and cornices that give it a clean, modern aesthetic.

The location is exceptional for connectivity and lifestyle: UrbanTikka, Kind Regards, and Trenchtown restaurants are virtually on the doorstep (under 25 m), KWIKSPAR Observatory is 85 m away, and Observatory Station is roughly 250 m straight-line. The UCT Medical Centre is within 320 m, and the Obz Lifestyle Market is just 235 m away — placing daily errands, dining, and commuting within easy reach.

Rooms & layout

Bedroom × 3
Bathroom × 3
Kitchen
Lounge
Dining Room
Garage / Parking

Features & amenities

poolsecurityfurnishedparking24 hour securityintercom accessopen plan kitchenbreakfast bar / islandbalconystainless steel appliances

Price & ownership

Asking price R 3 500 000
Price per m² R 38 462
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 3,5M
Taxes + legal + admin fees R 222,9K

Rough split: 94.0% purchase price, 6.0% buying costs.

  • Asking price R 3 500 000
  • Transfer duty (est.) R 162 356
  • Deeds Office (transfer) R 3 042
  • Conveyancing (est., incl. VAT) R 57 425
  • Deeds lodgement R 52
  • Total indicative R 3 722 875

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 33 052 /month

Total paid over 20 years (deposit + repayments): R 8 282 375

Deposit 10% · R 350 000
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 3 150 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.