1 Bedroom Apartment in Observatory
63 devon place, 4 penzance road, Observatory, Cape Townlocation approximate: suburb level
1 bed · 1 bath · 58 m² floor
Description
Situated in the well-positioned Devon Place complex in Observatory, this unique 1-bedroom loft-style apartment offers plenty of character and potential. Featuring an upstairs loft bedroom area overlooking the living space, the open-plan layout creates a spacious and airy feel while offering a distinctive layout rarely found in conventional apartments.Whether youre looking to expand your investment portfolio or secure a property in one of Cape Towns consistently high-demand rental areas, this apartment presents an excellent opportunity. A lease is already in place, allowing for immediate rental income from transfer.Ideally located close to the medical campus, public transport routes, universities, cafs, restaurants, and other everyday amenities, the property offers convenience and strong rental appeal for students and young professionals alike.Property features:1 Loft-style bedroom upstairs open-plan1 Bathroom En-suite - showerOpen-plan kitchen and living area1 Secure parkingExisting lease in place - immediate rental income potentialCharacter-filled apartment with opportunity to add valueLocated in Devon Place, ObservatoryConveniently close to the medical campusA great opportunity to secure an income-generating property in a vibrant area known for its strong tenant demand.
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.
Resilience
- Backup Power Level
- Nonefrom the listing text
- Battery Backup
- Nofrom the listing text · 98%
- Borehole
- Nofrom the listing text · 98%
- Gas Hob
- Nofrom the listing text · 98%
- Generator
- Nofrom the listing text · 98%
- Grey Water
- Nofrom the listing text · 98%
- Heat Pump
- Nofrom the listing text · 98%
- Inverter
- Nofrom the listing text · 98%
- Solar Geyser
- Nofrom the listing text · 98%
- Solar panels
- Nofrom the listing text · 98%
- Water Tank
- Nofrom the listing text · 98%
Security
- Alarm Beams
- Nofrom the listing text · 97%
- Armed Response
- Nofrom the listing text · 96%
- Boomed Area
- Nofrom the listing text · 86%
- Burglar Bars
- Yesfrom the listing text · 82%
- CCTV
- Nofrom the listing text · 95%
- Electric Fence
- Nofrom the listing text · 97%
- Guard 24h
- Nofrom the listing text · 87%
Location
- Exposed to coastal wind
- Nofrom open data · 60%
- Estimated commute to CBD
- 11 minfrom open data · 60%
- Crime trend
- Stablefrom open data · 60%
- Distance to the sea
- 3.2 kmfrom open data · 60%
- Load-shedding block
- 15from open data · 60%
- SAPS precinct risk
- Highfrom open data · 60%
Market
- Days on market
- 130 daysfrom our price history
- Gross rental yield
- 11.0%from our price history
- Price change since listed
- 0.0%from our price history
- Price per m²
- R 28 448from our price history
- Times relisted
- 0from our price history
- Vs suburb median
- 0.69×from our price history
- Under Offer
- Nofrom our price history
Comfort
- Air Conditioning
- Nofrom the listing text · 98%
- Double Glazing
- Nofrom the listing text · 98%
- Fireplace
- Nofrom the listing text · 98%
- High Ceilings
- Nofrom the listing text · 73%
- North Facing
- Nofrom the listing text · 98%
- Quiet Street
- Nofrom the listing text · 98%
- Underfloor Heating
- Nofrom the listing text · 98%
- View Type
- Nonefrom the listing text
- Wind Protected
- Nofrom the listing text · 98%
Layout
- Flatlet
- Nofrom the listing text · 97%
- Furnished
- Nofrom the listing text · 96%
- Home Office
- Nofrom the listing text · 97%
- Lift Access
- Nofrom the listing text · 90%
- Open Plan
- Yesfrom the listing text · 99%
- Penthouse
- Nofrom the listing text · 88%
- Scullery
- Nofrom the listing text · 97%
- Single Level
- Nofrom the listing text · 96%
- Staff Accommodation
- Nofrom the listing text · 98%
- Walk In Closet
- Nofrom the listing text · 95%
- Wheelchair Access
- Nofrom the listing text · 97%
Outdoor
- Balcony
- Yesfrom the listing text · 97%
- Boat Caravan Parking
- Nofrom the listing text · 98%
- Borehole Irrigation
- Nofrom the listing text · 98%
- Braai Area
- Nofrom the listing text · 97%
- Covered Patio
- Nofrom the listing text · 97%
- Established Trees
- Nofrom the listing text · 98%
- Garage Type
- Nonefrom the listing text · 68%
- Garden Size
- Nonefrom the listing text
- Off-street parking bays
- 1from the listing text · 93%
- Pet Friendly
- Nofrom the listing text · 97%
- Pool Type
- Nonefrom the listing text
Architecture
- Architecture Style
- Loft Conversionfrom the listing text · 95%
- Double Storey
- Yesfrom the listing text · 66%
- Original Features
- Nofrom the listing text · 98%
- Thatched Roof
- Nofrom the listing text · 98%
Tenure Rules
- Exclusive Use Area
- Nofrom the listing text · 63%
- No transfer duty
- Nofrom the listing text · 98%
- Retirement Scheme
- Nofrom the listing text · 98%
- Short Let Allowed
- Nofrom the listing text · 97%
- Special Levy Mentioned
- Nofrom the listing text · 97%
- Tenure
- Sectional Titlefrom the listing text
- Utilities Included
- Nofrom the listing text · 97%
Connectivity
- Fibre
- Nofrom the listing text · 98%
Commercial
- Auction
- Nofrom the listing text · 99%
- Bank Assisted
- Nofrom the listing text · 98%
- Off Plan
- Nofrom the listing text · 98%
- Owner Relocating
- Nofrom the listing text · 98%
- Price Reduced
- Nofrom our price history
- Priced To Sell
- Nofrom the listing text · 98%
Portal facts
- Levies
- R 3 195
- Floor size
- 58 m²
- Listing date
- 17 May 2026
- Property type
- Apartment
- Listing number
- T5489177
- Rates and taxes
- R 800
- Feature: Balcony
- yes
- Feature: Storeys
- 1
- Feature: Bedrooms
- 1
- Feature: En-suite
- 1
- Feature: Bathrooms
- 1
- Feature: Access gate
- yes
- Feature: Open parking
- 1
- Feature: Security post
- yes
- Feature: Built in cupboards
- yes