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MyProperty Africa
MyProperty Africa
R 4,350,000
South AfricaWestern Cape›Cape Town›Observatory›2559132
A low-angle exterior view of the Madison Place apartment building, showcasing its multi-story facade, balconies with metal railings, and mountain backdrop.
An empty, well-lit living area featuring neutral tiled flooring, cove cornicing, and a large sliding glass door providing access to a private balcony.
A clean, modern kitchen featuring white cabinetry, stone countertops, subway tile backsplash, and tiled flooring, presented in an empty, well-maintained state.
A low-angle exterior view of the Madison Place apartment building, showcasing its multi-story facade, balconies with metal railings, and mountain backdrop.
An empty, well-lit living area featuring neutral tiled flooring, cove cornicing, and a large sliding glass door providing access to a private balcony.
A clean, modern kitchen featuring white cabinetry, stone countertops, subway tile backsplash, and tiled flooring, presented in an empty, well-maintained state.
A bright, empty bedroom featuring modern laminate flooring, recessed downlighting, and a large window with views of the surrounding area.
Modern bathroom featuring a wall-mounted toilet with concealed cistern and a walk-in shower with glass screen and mosaic tile flooring.
Within typical range for Cape Town
View Area Map

Apartment for sale

Observatory, Cape Town
3 Beds
2 Baths
1 Covered Parking
94m² Floor

The madison

Live close to UCT and Groote Schuur in Observatory — ideal for students and young professionals, open-plan living with balcony, three bedrooms, two bathrooms, secure parking.

This spacious 94m2, 3-bedroom, 2-bathroom apartment is ideally situated in Observatory and is perfect for students or young professionals.

The apartment offers a modern open-plan kitchen and living area that flows seamlessly onto an open balcony. The main bedroom features an en-suite bathroom, with two additional bedrooms sharing the second bathroom.

One secure parking bay in the basement garage.

The secure complex offers 24-hour security, biometric access control and communal gym.

Ideally located close to UCT and Groote Schuur Hospital, with easy access to the Jamie Shuttle route. A variety of shops, restaurants and public transport options are also within easy reach.

City and Atlantic Real Estate cc Trading as RE/MAX Living, an independently owned and operated franchise of RE/MAX SA. Registered with the PPRA.

Disclaimer: Any price displayed in a foreign currency is for information purposes only and is an estimate based on the applicable exchange rate at the time of publication. Exchange rate fluctuations may result in variations. The official asking price is the South African Rand (ZAR) price.

Additional features

Covered Parking

Ownership costs

Home Loan Repayment
R 39,746
Rates & Taxes
R 1,818
Levy
R 4,783
TotalR 46,347
Could you qualify for a lower home loan rate?

Property history

Listed for sale at R4,350,000

10 Sept 2026

Smart property insights

Moderate · 16 similar homes across Cape Town

Wide price range across Cape Town

Prices vary widely across Cape Town, so a like-for-like comparison isn't reliable for this home.

Within the typical range for Cape Town (R2.4M–R5.1M).

This homeR 4,350,000R4.3MWithin typical range
R 2,400,000R2.4MLower typical
R 5,086,000R5.1MUpper typical

Price comparison based on 16 similar-sized 3-bed homes.

Market depth

16 similar homes

17 listings across Cape Town

99 days

Median time on market

Medium inventory

Active across Cape Town

Cape Town insightsObservatory insights

MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.

Find similar nearby propertiesSame style and feel, in this price range
Bianca Gutteridge

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Bianca Gutteridge

Property Practitioner

RE/MAX LIVING

RE/MAX LIVING

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Useful links+-
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More properties like this

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  • Property for sale in Observatory
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  • Property for sale in Cape Town

Nearby apartments

  • Apartments for sale in Mowbray
  • Apartments for sale in Paarden Eiland
  • Apartments for sale in Woodstock
  • Apartments for sale in Rondebosch
  • Apartments for sale in Brooklyn
  • Apartments for sale in Foreshore

Useful links

  • Property to rent in Observatory
  • Estate agents in Observatory

Area overview

Observatory is a vibrant, bohemian neighborhood known for its eclectic mix of Victorian architecture, lively student culture, and a thriving community of artists and young professionals.

Shopping

  • •
    Observatory Spar(0.5 km) · Grocery Store
  • •
    Access Park(3.5 km) · Outlet Shopping Center

Education

  • •
    University of Cape Town Medical Campus(1.0 km) · University
  • •
    Observatory Junior School(0.8 km) · Primary School

Transport

  • •
    Observatory Railway Station(0.4 km) · Train Station
  • •
    N2 Highway(1.2 km) · Highway Access

Parks & Recreation

  • •
    Observatory Park(0.6 km) · Park
  • •
    Liesbeek River Trail(0.5 km) · Nature Trail

Healthcare

  • •
    Groote Schuur Hospital(2.5 km) · Hospital
  • •
    Obs Medical Centre(0.3 km) · Medical Center

Dining & Entertainment

  • •
    Lower Main Road(0.2 km) · Restaurant Hub
  • •
    The Armchair Theatre(0.3 km) · Entertainment Venue
View Observatory Market Insights & Stats→

* Distances and amenities are approximate.