5 Bedroom House in Observatory

SOLE MANDATE

Perfectly positioned in the heart of Observatory, this income-generating property offers rare flexibility, solid returns, and a highly central location close to Medical School, Groote Schuur, cafes, transport routes and Lower Main Road. With a consolidated 351 m2 erf, this home suits investors, multi-generational living, or families needing generous accommodation and work-from-home space.

This character-filled residence offers a spacious 5-bedroom layout, supported by a dedicated study, a bright living area, and a well-proportioned kitchen with scullery making the home practical, easy to lease, and consistently in demand.

Key Features

5 bedrooms

2 bathrooms full family bathroom ensuite

Dedicated study

Bright and spacious living room

Kitchen with scullery

Single garage plus secure off-street parking

Courtyardyard with private pool

Excellent position near UCT Medical School, Groote Schuur & public transport

GR2 zoning approved historical building plans

As-Built measured house size 142 m2 on a 352 m2 consolidated erf

Investment Highlights

Current rental income: R28 000 pm

Lease secured until end January 2027 with potential extension to end February 2027

Reliable long-term tenant profile

Recent maintenance completed: pool pump, lighting, plumbing, extractor, locks

No VAT payable on sale or rental

A well-maintained income-producing property in one of Observatorys most desirable pockets with zoning and layout flexibility that supports long-term value.

Enquire today for a viewing.