R1,450,000 • 3 bedroom Flat/Apartment for sale in Zonnebloem

Zonnebloem, Cape Town

63m²

RENOVATION POTENTIAL BARGAIN

URGENT AND DISTRESSED SALE Please note: The first set of pictures shows the property in its original state, before it was renovated into student accommodation. The two sets of pictures are intended to reflect the two possible configurations/usages of the space. The latter set of pictures reflects the current state of the apartment. Video of current unit available on request. Opposite CPUT, 100 meters from Harrington, looking for a bargain hunter willing to remodel. 1. The unit needs a full repaint 2. The bathroom has severe mould and needs treatment and repainting 3. Entire apartment has floor tiling 4. Kitchen needs certain cabinetry elements repaired and 2/3 doors replaced, paintwork in kitchen needs to be redone 5. Fumigation required during renovations 6. New light fixtures and cabinetry fixes/hinge repairs, new handles etc all quoted for Less than R100 000 in work to be completed. Buy for R1.4m, renovate for R100 000 and have an apartment worth R1.7m with rental income potential of R15 000 per month. Parking can be rented for R600

Features

3 bedrooms

1 bathroom

1 kitchen

1 living room

1 pool

Size & Coverage

63m² • Erf Size

63m² • Floor Size

Rates & Levies

R500 • Rates

R1,150 • Levies

Calculator

Bond Repayment

Affordability

Bond & Transfer

Capital Gains Tax

Purchase Amount (R)

Deposit (R) (Optional)

Interest Rate (%)

Loan Term (Yrs)

Monthly Bond Payment

R 14,477

Once-off Costs

R 87,779

Deposit R 0

Bond Registration R 36,583

Property Transfer R 51,197

View bond and transfer cost breakdown

Gross Monthly Income Required

R 48,256

What do I qualify for based on my income?

Disclaimer: This calculator uses the prime interest rate by default for bond payment calculations. Please note that the actual interest rate offered by your bank may vary. Capital gains tax estimates are based on 2025/2026 South African tax year rates and exclusions. The results provided are estimates based on the entered amounts, rates, and fees and are intended for informational purposes only. While every effort is made to ensure accuracy, we cannot guarantee that the calculations are error-free or applicable to your specific circumstances. Consult a qualified tax professional for advice. We disclaim all liability for any inaccuracies or damages resulting from the use of this tool.