10 Bedroom Property for Sale in Observatory R4 995 000. 05 Aug 2025

Property features

R4 995 000
10 Bedrooms
5.0 Bathrooms
2 Living Room/s
Garage for 0 car/s
Outside Parking for 1 car/s
Rates R900 pm
No Pets
Dining Room
Furnished

Property Details

This is a well-situated student accommodation property in the heart of vibrant Observatory, Cape Town. This fully tenanted investment gem features two separate dwellings, each offering 5 student-friendly bedrooms, making it a highly lucrative addition to any portfolio. Dwelling Breakdown Dwelling A: * 5 Bedrooms * 2 En-suite bathrooms * 3 Bedrooms share a spacious communal bathroom Dwelling B: * 5 Bedrooms * 1 En-suite bathroom * 4 Bedrooms share a communal bathroom * Additional separate toilet for convenience With a total of 10 bedrooms, the property generates a solid R597,600 per annum, and with some modern updates, this figure can be significantly increased. Investment Highlights * Consistent rental income from a high-demand student accommodation model * Prime location for UCT and nearby institutions * Heritage Grading: 3C, adding character and architectural charm * Potential for capital appreciation through renovation or development (subject to heritage approval) * Fully walled and secure Location: Why Observatory? Observatory (“Obz” to the locals) is one of Cape Town’s most popular and eclectic suburbs—beloved by students, young professionals, and creatives alike. With easy access to places like University of Cape Town (UCT), Public transport (Jammie Shuttle, buses, and train station), Trendy cafes, restaurants, and bars, Medical and tech hubs, Groote Schuur Hospital. The demand for student housing in this area is consistently high, ensuring stable tenancies year-round. ?? Growth Potential A modest refurbishment could enhance the rental appeal and command higher rental rates, increasing the annual return. Investors can also explore optimizing the common areas or modernizing kitchens and bathrooms to further elevate the offering. Get in Touch - Don't miss this exceptional opportunity to own a high-yielding, heritage-rich student investment property in one of Cape Town’s most in-demand rental zones. Contact us today to arrange a viewing or request further financials and feasibility projections.