SOLD
Web Ref RL2195
R3,850,000
Monthly Bond Repayment R37,793.27
Calculated over 20 years at 10.25% with no deposit.
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Monthly Rates
R1,200
R1,200
Investor Opportunity: Versatile 5-Bedroom Home With Excellent Rental Returns
SOLE MANDATE
Perfectly positioned in the heart of Observatory, this income-generating property offers rare flexibility, solid returns, and a highly central location close to Medical School, Groote Schuur, cafés, transport routes and Lower Main Road. With a consolidated 351 m² erf, this home suits investors, multi-generational living, or families needing generous accommodation and work-from-home space.
This character-filled residence offers a spacious 5-bedroom layout, supported by a dedicated study, a bright living area, and a well-proportioned kitchen with scullery — making the home practical, easy to lease, and consistently in demand.
Key Features
5 bedrooms
2 bathrooms (full family bathroom + ensuite)
Dedicated study
Bright and spacious living room
Kitchen with scullery
Single garage plus secure off-street parking
Courtyard/yard with private pool
Excellent position near UCT Medical School, Groote Schuur & public transport
GR2 zoning + approved historical building plans
As-Built measured house size ±142 m² on a 352 m² consolidated erf
Investment Highlights
Current rental income: R28 000 p/m
Lease secured until end January 2026 (with potential extension to end February 2026 or longer)
Reliable long-term tenant profile
Recent maintenance completed: pool pump, lighting, plumbing, extractor, locks
No VAT payable on sale or rental
A well-maintained income-producing property in one of Observatory’s most desirable pockets — with zoning and layout flexibility that supports long-term value.
Enquire today for a viewing.
Perfectly positioned in the heart of Observatory, this income-generating property offers rare flexibility, solid returns, and a highly central location close to Medical School, Groote Schuur, cafés, transport routes and Lower Main Road. With a consolidated 351 m² erf, this home suits investors, multi-generational living, or families needing generous accommodation and work-from-home space.
This character-filled residence offers a spacious 5-bedroom layout, supported by a dedicated study, a bright living area, and a well-proportioned kitchen with scullery — making the home practical, easy to lease, and consistently in demand.
Key Features
5 bedrooms
2 bathrooms (full family bathroom + ensuite)
Dedicated study
Bright and spacious living room
Kitchen with scullery
Single garage plus secure off-street parking
Courtyard/yard with private pool
Excellent position near UCT Medical School, Groote Schuur & public transport
GR2 zoning + approved historical building plans
As-Built measured house size ±142 m² on a 352 m² consolidated erf
Investment Highlights
Current rental income: R28 000 p/m
Lease secured until end January 2026 (with potential extension to end February 2026 or longer)
Reliable long-term tenant profile
Recent maintenance completed: pool pump, lighting, plumbing, extractor, locks
No VAT payable on sale or rental
A well-maintained income-producing property in one of Observatory’s most desirable pockets — with zoning and layout flexibility that supports long-term value.
Enquire today for a viewing.
Features
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
2
Kitchen
1
Reception Rooms
2
Study
1
Furnished
No
Exterior
Garages
1
Security
Yes
Parkings
1
Pool
Yes
Sizes
Floor Size
142m²
Land Size
352m²
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Marcell Bester
Principal Property Practitioner Registered with PPRA(FFC 2023219189) Show number View my listings WhatsApp
