Enjoy heritage living and steady income near UCT in two 1932 Victorian homes with private courtyards and original marble fireplaces — eight bedrooms and secure parking.
A rare opportunity presents itself to acquire two semi-detached Victorian homes, built in 1932, showcasing timeless character, solid craftsmanship and strong, reliable rental income from day one. Each home retains its original charm with Oregon pine flooring throughout, beautifully preserved marble fireplaces, and authentic architraves, making this a standout investment in one of the most consistently high-demand pockets near UCT.
These properties are being sold with leases in place for the next 12–14 months, offering investors an immediate and guaranteed return on investment, with a robust student and young-professional tenant base in the area. This is an investment that performs from the moment you take transfer.
Each Victorian home offers:
Collectively, the two properties create a 8-bedroom investment portfolio, perfectly suited to buyers seeking:
With their architectural charm, established tenancies, and unbeatable location, these Victorian homes offer a secure, income-producing investment with multiple avenues for long-term value growth.
Each home measures a floor size of 132 sqm on 289 sqm of land.
Financials available upon request.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R11,500,000
Price reduced by 8.7% to R10,500,000
Price reduced by 31.4% to R7,200,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 77 listings in Cape Town (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Affordability
R 70,678 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
77 similar listings
High similar-home inventory town-wide (Cape Town)
Median time on market: 139 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
Mowbray is a vibrant and centrally located suburb offering a mix of residential charm and convenient access to educational institutions, shopping, and transport links, making it ideal for students, young professionals, and families alike.
* Distances and amenities are approximate.