Property
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 1 550 000
Price per m² R 18 902
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 42,9K

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

  • Asking price R 1 550 000
  • Transfer duty (est.) R 10 200
  • Deeds Office (transfer) R 1 347
  • Conveyancing (est., incl. VAT) R 31 280
  • Deeds lodgement R 52
  • Total indicative R 1 592 879

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 14 637 /month

Total paid over 20 years (deposit + repayments): R 3 667 909

Deposit 10% · R 155 000
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 1 395 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 1 550 000