Property
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 2 250 000
Price per m² R 35 714
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 2,3M
Taxes + legal + admin fees R 92,5K

Rough split: 96.1% purchase price, 3.9% buying costs.

  • Asking price R 2 250 000
  • Transfer duty (est.) R 48 786
  • Deeds Office (transfer) R 1 955
  • Conveyancing (est., incl. VAT) R 41 675
  • Deeds lodgement R 52
  • Total indicative R 2 342 468

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 21 247 /month

Total paid over 20 years (deposit + repayments): R 5 324 384

Deposit 10% · R 225 000
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 2 025 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 2 250 000