Sale
South Africa

2

Beds

1

Baths

82 m²

Floor area

Apartment 2 beds 1 bath 82 m²

About this property

This well-proportioned two-bedroom, one-bathroom apartment of 82 m² is situated in Plumstead, Cape Town, offering generous living spaces and outstanding everyday convenience.

The recently renovated kitchen features a practical U-shaped layout with crisp white melamine cabinetry, dark granite-look countertops, a built-in electric oven, ceramic hob and extractor fan, a stainless-steel single-bowl sink, and dedicated undercounter space for a washing machine — all flooded with natural light through a venetian-blind window. A stainless-steel fridge-freezer and ample tall-boy cabinetry complete the functional design. Light grey porcelain floor tiles and a solid access door to the rest of the unit finish the space neatly.

The extra-large lounge is dressed in warm parquet herringbone timber flooring, comfortably accommodates a full lounge suite, and opens directly onto a private balcony with pleasant leafy street views. A spotlight rail provides flexible illumination, and crown moulding adds a classic finishing touch.

The bathroom is neatly tiled in cream ceramic and fitted with a glass-enclosed shower with gold-tone frame, a close-coupled WC, white vanity basin with chrome tap, mirrored wall cabinet, and a security-barred frosted window.

Both bedrooms are well-proportioned, and the unit includes two dedicated parking bays within a secure complex.

The location is ideal for families and commuters alike: Aspeling High School is approximately 244 m away, Saint Anne's Primary School ≈ 428 m, and Smith Road Park ≈ 488 m — a green escape within easy reach. Shoprite Southfield is within 570 m for daily essentials, and Café Classique is just over 500 m away for a morning coffee. Currently tenanted, this apartment represents a compelling ready-made investment opportunity with immediate rental income.

Rooms & layout

Bedroom × 2
Bathroom
Kitchen
Lounge
Balcony
Room × 2

Features & amenities

renovated kitchenbalconysecure complexparking baystenantedinvestment opportunitycommuter friendlyrailway linewhite kitchengas hob

Price & ownership

Asking price R 1 600 000
Price per m² R 19 512
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 45,2K

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

  • Asking price R 1 600 000
  • Transfer duty (est.) R 11 700
  • Deeds Office (transfer) R 1 390
  • Conveyancing (est., incl. VAT) R 32 085
  • Deeds lodgement R 52
  • Total indicative R 1 645 227

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 15 109 /month

Total paid over 20 years (deposit + repayments): R 3 786 229

Deposit 10% · R 160 000
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 1 440 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.