2 Bedroom Apartment in Wynberg Upper

Description

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 knowThis 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 highuseareas.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 locationLevy Breakdown:Reserve Levy 348.58Normal Levy 1645.62CSOS Levy - Normal Levy 22.91Parking Bay - Normal Levy 413.91Water Fixed Rate 83.01Sewerage Fixed Rate 39.44Investor Snapshot: Spacious 2-Bed Apartment Weinberg Upper, R1,895,00086 m2, great layoutideal for couples or small families. Solid southern-suburbs location with low vacancy.Rental Potential: R16,500R19,500month conservative R18,000 targetachievable post-any refresh, based on current listings.Monthly Costs 202627:Rates: R747 0.006428 rate-in-the-rand after R500k free threshold.Levy: R2,600 your figurefair for securitymaintenance.Total non-bond: R3,350.Day-One Money-Maker: Rent Covers AllNo Out-of-Pocket MonthlyTenant pays bond interest levy rates zero cash from you.Interest-Only Bond Prime 10.25 Investor Standard:At R18,000 rent:Bond size: R1,715,000Cash outlay deposit: R180,000 9.5 downMonthly interest: R14,650 rent pays it fully.Push to R19,500 rent:Bond size: R1,891,000Cash outlay: R4,000 basically nothing0.2Interest: R16,150 still covered, instant profit.Upside:Utilities: Tenant directno hit to you.Yield: 1011 gross top-tier for Cape Town flats.Even at R16,500 rent Still only R355k deposit 18.7 for zero flowdoable.Bottom Line:Drop 10 or less upfront, snag a tenant fastno negative cash, pure passive income from month one. Banks green-light this easylow-risk, high-demand area.Viewings readynumbers stack up, lets lock it in!

What we know about this property

Each attribute shows where it came from and how sure we are. Model-derived attributes arrive as enrichment runs.

Portal facts

Levies

R 2 553

Land size

1 649 m²

Floor size

86 m²

Listing date

12 Jan 2026

Property type

Apartment

Listing number

T5347611

Feature: Garden

yes

Rates and taxes

R 610

Feature: Balcony

yes

Feature: Lounges

1

Feature: Bedrooms

2

Feature: Bathrooms

1

Feature: Open parking

1