Sale
South Africa

1

Beds

1

Baths

50 m²

Floor area

Apartment 1 bed 1 bath 50 m²

About this property

Exclusively mandated one-bedroom apartment on the 6th floor of The Iron Works — one of Woodstock's most sought-after contemporary developments, just minutes from the Cape Town CBD.

The 50 m² open-plan living and kitchen area is finished to a high contemporary standard, with smooth polished concrete-look flooring, recessed LED down-lighting, a cove-lit ceiling detail, and a split-system air conditioner. Full-height sliding glass doors flood the space with natural light and open onto a private ~3 m² balcony with unobstructed views of Table Mountain and the City Bowl slopes — visible directly from the lounge. The kitchen is plumbed for one appliance and is complemented by a retro-style fridge visible in the wider lounge shot, with a built-in oven unit alongside white cabinetry. Double-glazed windows and balcony door ensure noise attenuation in this urban setting.

The spacious bedroom features built-in cupboards, and the apartment includes a full bathroom. Two secure basement parking bays and a 5 m² storeroom are included — an exceptional value-add at this price point.

The Iron Works offers 24-hour security with access control and CCTV, and is professionally managed by LIME. The building is fibre-ready and fitted with prepaid electricity meters. The striking red-brick industrial façade (visible from the street) pays homage to Woodstock's heritage while the interiors deliver fully modern urban living.

Location perks are plentiful: Woodstock Town Hall Park is roughly 32 m away, Shoprite Woodstock is approximately 156 m away for everyday convenience, a MyCiTi bus stop (Lower Church) is within 300 m, and a vibrant mix of restaurants — including Afrisian Vietnamese Street Food and Morrocan Sultana — are virtually on the doorstep. The Cape Town CBD is just a short commute away.

Currently tenanted until end January 2026 with an estimated rental yield of R14,000–R16,000 per month, this is an outstanding buy-to-let or owner-occupier opportunity.

Monthly costs: Levy R1,632.42 | Parking levy R119.79 × 2 | Storeroom levy R213.94 | Rates R734.28.

Rooms & layout

Bedroom 1
Bathroom
Open-plan Kitchen
Lounge
Balcony
Room × 2
Storeroom

Features & amenities

mountain viewsbalconydouble-glazed windowsbuilt-in cupboardsopen-plan kitchensecure parkingstoreroom24-hour securityCCTVaccess control

Price & ownership

Asking price R 1 750 000
Price per m² R 35 000
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 1,8M
Taxes + legal + admin fees R 54,9K

Rough split: 97.0% purchase price, 3.0% buying costs.

  • Asking price R 1 750 000
  • Transfer duty (est.) R 18 786
  • Deeds Office (transfer) R 1 521
  • Conveyancing (est., incl. VAT) R 34 500
  • Deeds lodgement R 52
  • Total indicative R 1 804 859

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 16 526 /month

Total paid over 20 years (deposit + repayments): R 4 141 188

Deposit 10% · R 175 000
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 1 575 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.