1 Bedroom Apartment / flat for sale in Observatory

Description

Positioned in the sought-after The Paragon development, this unfurnished 1-bedroom, 2-bathroom apartment offers a rare blend of secure modern living and proven income performance. Property overview Open-plan living, dining and kitchen with modern finishes and integrated appliances Well-proportioned bedroom with built-in storage and natural light Two bathrooms - a rare configuration in a one-bedroom and a proven driver of tenant appeal and premium rentals Neutral, low-maintenance interiors suited to immediate rental activation Secure basement parking bay included (Level 2) Secure visitors parking Building features Rooftop swimming pool with panoramic city and mountain views Covered braai and entertainment deck Fully equipped communal gym and on-site laundry 24-hour security, controlled access, reception and lifts, with well-maintained common areas... Positioned in the sought-after The Paragon development, this unfurnished 1-bedroom, 2-bathroom apartment offers a rare blend of secure modern living and proven income performance. Property overview Open-plan living, dining and kitchen with modern finishes and integrated appliances Well-proportioned bedroom with built-in storage and natural light Two bathrooms - a rare configuration in a one-bedroom and a proven driver of tenant appeal and premium rentals Neutral, low-maintenance interiors suited to immediate rental activation Secure basement parking bay included (Level 2) Secure visitors parking Building features Rooftop swimming pool with panoramic city and mountain views Covered braai and entertainment deck Fully equipped communal gym and on-site laundry 24-hour security, controlled access, reception and lifts, with well-maintained common areas throughout Location - Observatory rental hotspot Ideally located on the corner of Main and Bowden Roads: walking distance to Observatory station, cafés, restaurants and retail, and minutes from UCT, Groote Schuur Hospital and the UCT Private Academic Hospital. Structural housing demand from students, medical staff, academics and young professionals makes Observatory one of Cape Town's most resilient rental markets, with consistently low vacancy. Investment profile Long-term letting is anchored by the verified figures below rather than estimates. The scheme's rules also permit short-term letting (registered at the security desk), so the apartment supports a genuine dual-income strategy - conventional long-term tenancy or a furnished short-stay asset near UCT and the City Bowl. Detailed short-let modelling and assumptions are available in the investor pack. Observatory has averaged roughly 6–9% per annum capital appreciation in recent years, underpinned by the same structural demand. A furnished one-bedroom in this building was let in June 2026 at R17 000 per month. At R16 000 – R17 000, that translates to a gross yield of 10.7% – 11.3% and a net yield of ±8.6% – 9.3% after levies and rates. The recent special levy has been settled in full by the seller - the purchaser takes transfer clear of it. Verified numbers, not projections. Serious buyers can request the full investor pack: body corporate financials, levy and rates statements, and a yield brief showing exactly how these returns are built. Contact us for the pack, a financial breakdown, or a private viewing. Bailey. Real Estate - discreet, strategic property advisory in Cape Town. Exclusive Sole Mandate. Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#-636584695","type":"c"}));

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

Pool

Yes

Garage

1

Levies

R 2 115

Bedroom

1

Bathrooms

2

Floor Size

49 m²

Listing Date

27 April 2026

Price per m²

R 36 735

Listing Number

117162558

Rates and Taxes

R 992

Reception Rooms

1

Type of Property

Apartment / Flat