Property
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 1 900 000
Price per m² R 38 000
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 1,9M
Taxes + legal + admin fees R 66,4K

Rough split: 96.6% purchase price, 3.4% buying costs.

  • Asking price R 1 900 000
  • Transfer duty (est.) R 27 786
  • Deeds Office (transfer) R 1 651
  • Conveyancing (est., incl. VAT) R 36 915
  • Deeds lodgement R 52
  • Total indicative R 1 966 404

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 17 942 /month

Total paid over 20 years (deposit + repayments): R 4 496 147

Deposit 10% · R 190 000
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 1 710 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 1 900 000