Live or invest in sought-after Wynberg with steady rental income, three-bedroom, two-bath main house, separate self-contained unit, and 144–170 m² usable rear space for development.
This well-positioned property offers a rare opportunity to acquire either a spacious family home or a solid, income-generating investment in the established and sought-after suburb of Wynberg. The property is currently configured to accommodate shared living, catering to consistent rental demand and delivering reliable cash flow. There is clear scope for rental optimisation, as well as future development potential, making this an attractive option for both investors and owner-occupiers with a long-term vision.
The main house comprises five individual rental rooms supported by shared kitchen and bathroom facilities, allowing for efficient use of space and steady occupancy. A separate entrance features a self-contained unit that was converted from the garage, offering additional rental income or private accommodation for extended family. To the rear of the property, approximately 144 m2 to 170 m2 of usable open space presents an excellent opportunity for further development or enhancement, subject to the necessary council approvals.
All tenants have been formally advised in writing of the intended sale and the possibility of an investor handover, with notices issued on Friday, 12 December 2025. Written acknowledgements and receipts have been obtained from tenants, ensuring transparency and sale readiness.
Sole mandate.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R2,495,000
Price reduced by 9.8% to R2,250,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 170 listings in Cape Town (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Affordability
R 22,087 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
170 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
Wynberg is a vibrant and historic suburb offering a mix of residential charm, commercial activity, and convenient access to amenities, making it an appealing place to live.
* Distances and amenities are approximate.