| Investment Opportunity: Studio Apartment Near UCT - Prime Location |
Estimated Monthly Rental Income: R6,500 - R8,500
Estimated Gross Yield: 5.2% - 6.5%
Property Highlights:
Location: Just 1.5 km from the University of Cape Town (UCT), offering unparalleled convenience for students and young professionals.
Size & Layout: Compact yet functional studio design, maximising space efficiently.
Amenities: Equipped kitchenette, secure access-controlled building, prepaid utilities and fibre-ready infrastructure.
Security: Safe and vibrant neighbourhood with easy access to public transport, including the Mowbray UCT Shuttle and Metrorail station.
Investment Insights:
High Demand: With UCT's enrollment reaching 28,000 students in 2023 and only 8,400 spots available in university residences, the demand for private student accommodation is at an all-time high .
Rental Yield: The Western Cape boasts a record low vacancy rate of just 1.07% in the third quarter of 2024, with average rental yields in Cape Town estimated at 5.2% in 2025 .
Capital Appreciation: Properties in Mowbray, especially those under R2 million, are in high demand among investors and parents seeking student accommodation, offering potential for both steady rental income and long-term capital growth .
Why Invest in Mowbray?
Strategic Location: Proximity to UCT and other tertiary institutions ensures consistent tenant demand.
Urban Development Zone (UDZ) Benefits: Potential tax incentives for qualifying investors.
Community & Lifestyle: A vibrant area with a mix of students, professionals and local amenities, enhancing tenant retention.
For more detailed information or to schedule a viewing, please contact Darren.
ERF Size 34 m²
Building Size 34m²
Rates R250 per month
Sectional Title Levies R1,500
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Darren McNabb
c. 0631007848
darren.mcnabb@rawson.co.za
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