1 Bedroom Apartment For Sale in Cape Town

Property description

Offers From R895,000!

Calling All Investors:
* Asking Price: R895,000
* Rental Potential: R9,000 – R11,000 p/m
* Monthly Expenses:
• Levies: R1,900
• Special Levy: R674
• Rates: R400
Total: R2,974

Returns:
* Net Income (after expenses): R6,026 – R8,026 p/m
* Gross Yield: 12.1% – 14.8%
* Net Yield: 8.1% – 10.8%

Discover a well-designed 1-bedroom apartment that combines comfort, practicality, and an abundance of natural light.. Ideal for modern living, this inviting home welcomes you with an open-plan lounge and kitchen area that’s both spacious and full of warmth.

The living area is bathed in sunlight through large sliding doors, which lead out to a tranquil communal courtyard, the perfect spot to relax or enjoy your morning coffee.

The contemporary kitchen flows effortlessly from the lounge and is equipped with ample cabinetry, a full-size fridge, stove, hob and double sink. A generous countertop offers plenty of workspace and doubles as a convenient breakfast bar or dining area, making it ideal for both everyday meals and entertaining.

Tucked just off the lounge is the well-proportioned bedroom, featuring built-in cupboards and a calming atmosphere, the ideal retreat after a long day. Its position ensures privacy while still complementing the apartment's open-plan design.

The en-suite bathroom is neat and functional, offering a shower, basin, and toilet, with enough space to comfortably meet your daily needs.

This secure complex offers peace of mind with remote-controlled access for vehicles, a dedicated pedestrian gate, and your own allocated parking bay.

Perfectly located in Observatory, the apartment offers easy access to key routes like Settlers Way, and is conveniently close to Forest Hill Residence, UCT, and Absolute Health Services, making it ideal for students, young professionals, or savvy investors.

Contact me, your Observatory sales and rental agent to arrange a viewing.