Rosmead development offers investment and rental returns

Prospective home owners and property investors have an opportunity to stake a claim in leafy Kenilworth, with the launch of a brand-new and exclusive apartment block. This popular Cape Town neighbourhood has an established, multi-faceted infrastructure and there is high demand for rentals.

For sale exclusively by Pam Golding Properties, 156 on Rosmead is a small, low-rise sectional title development of only 12 units. Seven are available to purchase, priced from R1.375 million VAT inclusive. (No transfer duty is payable.)
All apartments offer two bedrooms, a full bathroom with bath and separate shower cubicle and two undercover parking bays, said Pam Golding Properties sectional title specialist Sandra Barrett. Modern, neutral finishes include wood laminate floors and high quality tiles in the kitchen and bathrooms. Security is provided by perimeter electric fencing.
While much depends on individual property features, similar Kenilworth units attract rentals of around R8500-R10000/month. There is strong demand from young professionals, students, staff at the many private and government schools in the vicinity, and people living out of town who need a lock-up-and-go.
They are attracted by easy access to the M5 and a choice of convenient sport and shopping facilities (Pick n Pay, Kenilworth Centre, Pam Golding on Main and Access Park). Nearby, Kenilworth Racecourse is popular for thoroughbred horses and fashion-forward events, as well as being the site of a 52 hectare conservation area renowned for its fynbos. 

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us