Two-bedroom apartment in secure complex, close to amenities, with rental income potential and exclusive parking. Ideal for investors.
A Perfect Blend of Comfort and Convenience
Welcome to this "old school", "good value for money" - apartment situated in a well-managed security complex in the highly sought-after Rugby neighborhood. This property offers an exceptional lifestyle with its proximity to shops, schools, public transport, and the beach, making it an ideal choice for both investors and homeowners seeking convenience and comfort.
Step inside this neat and spacious apartment to discover an open-plan lounge and kitchen area that invites relaxation and entertainment. The generous lounge area is perfect for unwinding after a long day or hosting guests, while the well-appointed kitchen features ample cupboard space, making meal preparation a breeze.
The apartment boasts two comfortable bedrooms, offering ample space for rest and privacy, along with a full family bathroom that ensures convenience for all residents. Elegant wooden parquet floors flow throughout the apartment, adding warmth and character to this charming home.
Enjoy the additional space provided by the convenient enclosed balcony, perfect for sipping your morning coffee or enjoying the fresh air. For your peace of mind, the apartment includes an exclusive parking bay within the secure complex.
With a current rental income of R 7 700 per month and the recent 2022 COCT Municipal Valuation at R 870 000,00, this property presents an excellent investment opportunity. It offers the perfect blend of comfort, convenience, and affordable living.
Don't miss out on this remarkable apartment in a prime location. Contact us today to arrange a meeting and experience all that this property has to offer.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R970,000
Price reduced by 7.4% to R898,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 32 listings in Milnerton (town)
Insight
Priced below the median for similar properties in the area. On a price-per-m² basis, it is 54% below the median. Floor size is 15% larger than typical for similar homes.
Similar properties pricing
Key differences
Affordability
R 8,815 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
32 similar listings
Medium similar-home inventory town-wide (Milnerton)
Median time on market: 76 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
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Rugby in Milnerton offers a convenient and community-oriented lifestyle with easy access to essential amenities and the greater Cape Town area.
* Distances and amenities are approximate.