Sale
South Africa

2

Beds

1

Baths

63 m²

Floor area

Apartment 2 beds 1 bath 63 m²

About this property

Situated in The Iron Works — Woodstock's landmark adaptive-reuse development — this immaculate 63 m² two-bedroom apartment offers mountain-facing outlooks and a polished, move-in-ready interior. The open-plan kitchen and living area is finished with gloss white cabinetry, a stainless-steel extractor, under-counter oven, subway-tile splashback, and striking epoxy-sealed concrete floors that flow throughout the unit. Double-glazed windows and a sliding door to the private balcony ensure excellent sound insulation while framing uninterrupted views of Table Mountain and Devil's Peak. Both bedrooms feature built-in cupboards, and the bathroom includes a generously sized shower. The unit is fibre-ready and fitted with a prepaid electricity meter. One secure basement parking bay is included.

The building provides 24-hour security with access control and CCTV surveillance, and is professionally managed by LIME Managing Agents. Day-to-day conveniences are immediately on the doorstep: Woodstock Town Hall Park is roughly 30 m away, Shoprite Woodstock is within 160 m, and a MyCiTi bus stop (Lower Church) is approximately 300 m away, connecting residents swiftly to the Cape Town CBD, De Waterkant, and the V&A Waterfront. The neighbourhood's vibrant dining scene — from Vietnamese street food to Moroccan cuisine — is all within easy walking distance. A special levy of R2 500 per month applies.

Rooms & layout

Bedroom × 2
Bathroom
Kitchen
Lounge
Balcony
Parking

Features & amenities

mountain facingopen planmodern finishesbuilt in cupboardsprivate balconydouble glazed windowsfibre readyprepaid electricitysecure parking24 hour security

Price & ownership

Asking price R 2 350 000
Price per m² R 37 302
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.