Affordable Fixer-Upper Opportunity: 1 Bedroom Apartment with Parking in Wynberg, Cape Town

Nestled in the vibrant community of Wynberg in Cape Town, this apartment presents an exciting opportunity for first-time buyers, investors, or those looking to downsize. Boasting a convenient location and a versatile layout, this property offers the potential to be transformed into a cozy urban retreat with some TLC.

Rental per month: R4500
Nett Return: 8.4% with a room for a higher return as rental is currently lower than market value

Key Features:

1. Prime Location: Situated in Wynberg, one of Cape Town's most sought-after suburbs, this apartment enjoys easy access to an array of amenities, including shopping centers, restaurants, schools, and public transportation.

2. One Bedroom, One Bathroom: This apartment features a well-proportioned bedroom and a bathroom, offering comfortable living spaces for individuals or couples. With the right vision and renovation efforts, the layout can be optimized to maximize functionality and aesthetics.

3. Open-Plan Kitchen/Living Room: The open-plan kitchen/living room layout creates a sense of space and connectivity, perfect for modern living. While the existing design provides a solid foundation, there's ample room for customization and improvement to suit your personal style and preferences.

4. Fixer-Upper Potential: Calling all DIY enthusiasts and renovation aficionados! This property is a blank canvas awaiting your creative touch. Whether you're dreaming of a sleek contemporary finish or a cozy rustic retreat, the possibilities are endless. From updating fixtures and fittings to reimagining the floor plan, you have the freedom to tailor the space to meet your needs.

5. Secure Parking: Convenience is key, and this apartment comes complete with a dedicated parking space, which costs R180 per month, ensuring hassle-free access and peace of mind for residents with vehicles. In addition to on-site parking, the building may offer additional security features for added safety and comfort.

6. Investment Opportunity: With Cape Town's property market showing resilience and steady growth, investing in this fixer-upper apartment presents an attractive opportunity for capital appreciation. Whether you plan to live in the property, rent it out, or flip it for profit, the potential returns make it a savvy investment choice.

In summary, this 1 bedroom, 1 bathroom apartment in Wynberg, Cape Town, offers a rare chance to create your ideal living space in a desirable location. With its prime positioning, versatile layout, and renovation potential, this property is sure to attract savvy buyers seeking value and opportunity in the competitive Cape Town real estate market. Don't miss out on the chance to turn this diamond in the rough into your dream home or investment property!

Call today to book a viewing!

Property Reference #: 6483675

Agent Details:
Quay 1 Property Specialist 40
Quay1 International Realty
153 Kloof Street
Gardens
Cape Town