House for sale
Inner-city convenience near UCT, Groote Schuur and Amazon — private garden, flexible layout boosting rental potential, currently tenanted. Two bedrooms, one bathroom and converted garage.
High-Yield Investment Opportunity with Proven Rental Income
This well-positioned, full-title townhouse in Ndabeni, Cape Town presents a compelling opportunity for investors seeking strong, reliable returns in a consistently in-demand rental corridor of Cape Town.
Currently generating a combined monthly rental income of R14,350, the property delivers a gross yield of approximately 11.5% at the asking price of R1,495,000 — an increasingly rare return in the current market.
The property is configured to maximise rental potential, offering two bedrooms, one bathroom and private garden.
Garage currently reconfigured as an additional bedroom, further enhancing rental income
Importantly, the property is tenanted by proven occupants who would be happy to remain, allowing for a smooth transfer and immediate continuation of income from day one.
Ndabeni’s location supports strong tenant demand due to its proximity to several major employment and academic nodes, including:
- Groote Schuur Hospital and the broader Observatory medical hub
- Amazon’s Cape Town headquarters
- The University of Cape Town (UCT)
These nearby centres continue to attract medical professionals, students, and young professionals seeking conveniently located accommodation.
For investors looking to secure a high-yield asset with established tenants and strong rental fundamentals, this property represents a straightforward and attractive addition to a portfolio.
Listed for sale at R1,495,000
Ndabeni is a centrally located industrial and commercial hub that offers residents exceptional accessibility to Cape Town's major business districts and arterial highways.
