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R1,149,000 | 2 Bedroom Apartment Sold in Observatory

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R1,149,000

Monthly Bond Repayment R12,451.79
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R1,800
Monthly Rates
R600

Fantastic Two Bedroom Duplex Near UCT Medical School

Situated within walking distance to UCT Medical School, this 2 bedroom apartment could not be more ideal for students or young professionals!

The upper floor consists of 2 generously sized and sun-lit bedrooms (both with built-in-cupboards) separated by a neatly designed walk-in shower and adjacent toilet.

Downstairs is the spacious open plan kitchen, with plenty of countertop & cupboard space. This kitchen seamlessly flows to the living room which boasts an abundance of light stemming from the private courtyard. This courtyard is perfect to bask in the Cape Town sun and enjoy a braai with friends and family at your leisure.

Palm Mews is a very well run and cat friendly (subject to BC approval) complex. The complex further offers a glistering swimming pool for all to enjoy on those hot summer days!

The location offers many benefits as UCT Medical School is no more than a minute walk away with many popular restaurants, retailers and coffee shops all right around the corner. In addition, there is extremely easy access to all major transport routes, too.

Due to the location, the low maintenance and the ever-present rental demand for the area - this property is a great investment opportunity. In fact, the property is currently let at R 10 000 per month, creating a gross yield of approximately 9% at the full asking price.

Features

2
1
Pets Allowed
Yes
Interior
Bedrooms
2
Bathrooms
1
Kitchen
1
Reception Rooms
2
Furnished
No
Exterior
Security
No
Parkings
1
Pool
Yes
Scenery/Views
Yes
Sizes
Floor Size
63m²
1
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