Property
South Africa

1

Beds

1

Baths

33 m²

Floor area

Apartment 1 bed 1 bath 33 m²

About this property

A compact 1-bedroom lock-up-and-go apartment set within a well-established four-storey residential complex in Maitland, Cape Town. At 33 m², this entry-level unit is ideally suited as a starter home or buy-to-let investment in a high-demand rental corridor close to Cape Town's CBD.

The open-plan kitchen and living area features an L-shaped white cabinetry layout with chrome bar handles, dark granite-effect countertops, a decorative bread-themed printed splashback, a 4-plate electric hob with undercounter oven, and a single-basin sink. Beige ceramic floor tiles run throughout. A geyser and copper plumbing installation are housed within a dedicated kitchen alcove with cabinetry above and a tiled surround below. The unit is sold as-is, presenting genuine scope for cosmetic renovation to unlock further value.

The complex presents a neat white and grey rendered façade across four storeys with uniform aluminium-framed windows. The brick-paved internal courtyard provides generous off-street parking for residents. Security features include 24-hour manned access control and biometric fingerprint entry. On-site amenities include a laundry facility and a convenience shop — ideal for a low-maintenance lifestyle.

Location convenience is exceptional: Shoprite Maitland is just 41 m away for daily grocery needs, and Amstel Park is approximately 144 m from the door — a pleasant green escape within easy reach. KFC Maitland (93 m) and several eateries are moments away, while Holy Cross High School lies roughly 374 m away, making this an attractive option for families or investors targeting the student and young-professional rental market. Maitland is strategically positioned between Cape Town's CBD and surrounding commercial nodes, with easy access to both the N1 and N2 highway corridors — a compelling proposition for investors and first-time buyers alike.

Rooms & layout

Open-plan Kitchen / Living Area
Bedroom 1
Bathroom
Parking Bay

Features & amenities

Lock up and goSecurityInvestmentStarter homeParkingKitchenOpen planWhite kitchenGas hobSecurity entrance

Price & ownership

Asking price R 540 000
Price per m² R 16 364
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 540K
Taxes + legal + admin fees R 15,5K

Rough split: 97.2% purchase price, 2.8% buying costs.

  • Asking price R 540 000
  • Deeds Office (transfer) R 469
  • Conveyancing (est., incl. VAT) R 14 973
  • Deeds lodgement R 52
  • Total indicative R 555 494

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 5 099 /month

Total paid over 20 years (deposit + repayments): R 1 277 852

Deposit 10% · R 54 000
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 486 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 540 000