Mowbray - MR679747

Apartment in Mowbray, Capetown - Southern Suburbs, Western Cape

R 800,000

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34m2
34m2
Mowbray - MR679747
Apartment in Mowbray, Capetown - Southern Suburbs, Western Cape
R 800,000
Apartment for Sale For Sale in Mowbray - MR679747
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Key Features

Rooms

  • 1 Bathrooms

Services

  • Levy R1500
  • Rates and Taxes R250

More Features

  • Property Type - Apartment
  • Seller Type - Private Property
  • Floor Area - 34m2
  • Erf Size - 34m2
  • Price per square floor meter - R23,529 per m2
  • Price per square erf meter - R23,529 per m2

MyRoof Stats

  • 3 Views
PID=679747 DID=703802 SID=1

Investment Opportunity: Studio Apartment Near UCT - Prime Location
Estimated Monthly Rental Income: R6,500 - R8,500
Estimated Gross Yield: [hidden] - [hidden]
Property Highlights:
Location: Just [hidden] km from the University of Cape Town (UCT), offering unparalleled convenience for students and young professionals.
Size & Layout: Compact yet functional studio design, maximising space efficiently.
Amenities: Equipped kitchenette, secure access-controlled building, prepaid utilities and fibre-ready infrastructure.
Security: Safe and vibrant neighbourhood with easy access to public transport, including the Mowbray UCT Shuttle and Metrorail station.
Investment Insights:
High Demand: With UCT's enrollment reaching 28,000 students in 2023 and only 8,400 spots available in university residences, the demand for private student accommodation is at an all-time high .
Rental Yield: The Western Cape boasts a record low vacancy rate of just [hidden] in the third quarter of 2024, with average rental yields in Cape Town estimated at [hidden] in 2025 .
Capital Appreciation: Properties in Mowbray, especially those under R2 million, are in high demand among investors and parents seeking student accommodation, offering potential for both steady rental income and long-term capital growth .
Why Invest in Mowbray?
Strategic Location: Proximity to UCT and other tertiary institutions ensures consistent tenant demand.
Urban Development Zone (UDZ) Benefits: Potential tax incentives for qualifying investors.
Community & Lifestyle: A vibrant area with a mix of students, professionals and local amenities, enhancing tenant retention.
For more detailed information or to schedule a viewing, please contact Darren.


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