Spacious 2-Bedroom Apartment with Ground-Level Access (86m²)

Viewings: On Saturday's. Contact me to make a booking. (Times to be confirmed with tenant - I will share the days and times here when I know)

This light-filled 2-bedroom, 1-bathroom, 1-open parking bay apartment in sought-after Wynberg Upper offers exceptional convenience, generous proportions, and effortless access. Although positioned on the first floor, the unit can be entered directly from street level — no stairs required — making it ideal for all ages.

The living and dining area enjoys a North-West facing window, bringing in warm afternoon sun. Beautiful parquet flooring runs throughout the living area and both bedrooms, adding warmth and character. The kitchen and bathroom are needing a refresh but are neatly finished with durable tiled flooring, ensuring easy maintenance in high‑use
areas.

Both bedrooms are comfortably sized with built-in cupboards, and a family bathroom including shower over bath, toilet, basin, and plumbed for a washing machine. The block does not have a lift, but has secure access at each entry point, and classic older architecture with a blend of face brick and plaster. A secure open parking bay is included.

Perfectly located close to top schools, transport routes, shopping hubs, and the Wynberg village precinct.

Key Features:
- 86m² floor size
- 2 bedrooms, 1.5 bathrooms
- First-floor unit with ground-level access
- North-West facing lounge
- Parquet flooring in living area & bedrooms
- Tiled kitchen and bathroom
- Secure open parking
- Lift in the block
- Well-maintained older building with solid construction
- Prime Wynberg Upper location

Levy Breakdown:
Reserve Levy 348.58
Normal Levy 1645.62
CSOS Levy - Normal Levy 22.91
Parking Bay - Normal Levy 413.91
Water Fixed Rate 83.01
Sewerage Fixed Rate 39.44


Investor Snapshot: Spacious 2-Bed Apartment – Weinberg Upper, R1,895,000
86 m², great layout—ideal for couples or small families. Solid southern-suburbs location with low vacancy.

Rental Potential: R16,500–R19,500/month (conservative R18,000 target—achievable post-any refresh, based on current listings).

Monthly Costs (2026/27):
• Rates: R747 (0.006428 rate-in-the-rand after R500k free threshold).
• Levy: R2,600 (your figure—fair for security/maintenance).
Total non-bond: ~R3,350.

Day-One Money-Maker: Rent Covers All—No Out-of-Pocket Monthly
Tenant pays → bond interest + levy + rates = zero cash from you.
Interest-Only Bond (Prime 10.25% – Investor Standard):
• At R18,000 rent:
Bond size: ~R1,715,000
Cash outlay (deposit): R180,000 (9.5% down)
Monthly interest: ~R14,650 → rent pays it fully.
• Push to R19,500 rent:
Bond size: ~R1,891,000
Cash outlay: R4,000 (basically nothing—0.2%)
Interest: ~R16,150 → still covered, instant profit.
Upside:
• Utilities: Tenant direct—no hit to you.
• Yield: 10–11% gross (top-tier for Cape Town flats).
• Even at R16,500 rent? Still only ~R355k deposit (18.7%) for zero flow—doable.

Bottom Line:
Drop 10% or less upfront, snag a tenant fast—no negative cash, pure passive income from month one. Banks green-light this easy—low-risk, high-demand area.

Viewings ready—numbers stack up, let’s lock it in!