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Ideal Investment Opportunity in Observatory
R 1,750,000
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):2
Bathrooms (#):1
Size (sqm):84
Parking:Covered
Description
Exclusive Listing | Offers From: R1 750 000
Located in a highly convenient pocket of Observatory, this fixer upper Victorian is every homeowner, or savvy investor's dream and offers an array of features not commonly found all under one roof in this area.
The main living areas are spacious and full of character, with high ceilings, original wooden flooring, and a fireplace in the living room.
In addition to the main living areas, this property boasts three generously sized bedrooms, each with its own unique charm and character. The bathroom is functional but could use a bit of TLC to make it truly shine.
The framework of this property is ideally set up for a family in need of a home office or separate area for the older kids, or an investor looking to capitalize on the ever-booming Observatory student/young professional rental market.
This property's zoning also makes it a perfect investment for anyone looking to take advantage of the high demand for commercial and residential properties in the area.
The house is further complimented by its ideal location with quick access to the City Bowl or Southern Suburbs Via the N2, as well as being in close proximity to Observatory's rich collection of markets, hip bars, restaurants, and cafés.
Size: ± 144 SQM
Rates: ± TBD
Offers From: R1 750 000
Property Reference #: 5865316
Agent Details:
Quay 1 Property Specialist 46
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
Located in a highly convenient pocket of Observatory, this fixer upper Victorian is every homeowner, or savvy investor's dream and offers an array of features not commonly found all under one roof in this area.
The main living areas are spacious and full of character, with high ceilings, original wooden flooring, and a fireplace in the living room.
In addition to the main living areas, this property boasts three generously sized bedrooms, each with its own unique charm and character. The bathroom is functional but could use a bit of TLC to make it truly shine.
The framework of this property is ideally set up for a family in need of a home office or separate area for the older kids, or an investor looking to capitalize on the ever-booming Observatory student/young professional rental market.
This property's zoning also makes it a perfect investment for anyone looking to take advantage of the high demand for commercial and residential properties in the area.
The house is further complimented by its ideal location with quick access to the City Bowl or Southern Suburbs Via the N2, as well as being in close proximity to Observatory's rich collection of markets, hip bars, restaurants, and cafés.
Size: ± 144 SQM
Rates: ± TBD
Offers From: R1 750 000
Property Reference #: 5865316
Agent Details:
Quay 1 Property Specialist 46
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town
Id Subtitle 1280344974
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Estimated monthly repaymentR 18,965
Total property loan amountR 1,750,000
Total interestR 2,801,570
Total repaymentR 4,551,570
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Quay1 International Realty
Selling for 2+ years
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