2 Bedroom Apartment in Cape Town City Centre

Flatrock | 2 Bed, 2 Bath Apartment with Parking | Strong Airbnb Potential

This well-positioned 2-bedroom, 2-bathroom apartment offers a solid opportunity for both lifestyle living and short-term rental investment in an area that is actively evolving and improving.

The surrounding neighbourhood is busy and vibrant, with a lot happening in terms of development, lifestyle offerings, and convenience. While it is not a quiet residential enclave, it is becoming increasingly attractive for its accessibility and proximity to key city amenities making it ideal for Airbnb guests, professionals, and short-stay tenants who prioritise location and convenience.

The apartment itself offers a practical layout with two well-sized bedrooms and two bathrooms, along with the added benefit of secure parking a valuable feature in this area.

A key highlight is the outdoor patio space, which presents additional lifestyle and design potential. Weve included a concept image AI-generated design inspiration to illustrate what this space could look like when enhanced with greenery and styling ideas. This is not the current condition of the unit, but rather a visual guide to show possible improvement potential.

From an investment perspective, current market performance of comparable short-term rentals in the area reflects strong demand:

Peak Season NovMar: R60,000 R75,000 per month

Approx. R2,800 R3,300 per night

Shoulder Season: R40,000 R48,000 per month

Approx. R2,200 per night

Low Season JunAug: R20,000 R28,000 per month

Approx. R1,460 per night

This translates to a projected annual average gross income of R45,000 R52,000 per month, with an estimated net return of R35,000 R42,000 per month after standard management and operating costs.

The property comfortably supports holding costs such as levies, rates, and a typical bond structure, making it a compelling option for investors looking for consistent short-term rental performance with upside potential.