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R1,800,000

716 The Iron Works, 85 Ravenscraig Road

Monthly Bond Repayment R17,669.58
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R2,694
Monthly Rates
R750
Special Levy
R506

One Bedroom Apartment - Iron Works

Stunning Mountain-Facing One-Bedroom Apartment – The Iron Works

Exclusive Sole Mandate

This stylish unfurnished one-bedroom apartment is located on the 7th floor of The Iron Works, offering breathtaking mountain views from its private balcony. Perfect for investors or first-time buyers, this unit combines modern finishes with secure urban living in one of Woodstock’s most sought-after developments, just minutes from the Cape Town CBD.

Apartment Features:

Open-plan kitchen and living area, kitchen plumbed for one appliance

Spacious bedroom with built-in cupboards outside the bedroom to maximize space

Private balcony (~3 m²) with stunning mountain views

High-quality contemporary finishes and double-glazed windows

Fibre-ready and prepaid electricity

One secure basement parking bays

Building & Security:

24-hour security with access control and CCTV

Professionally managed by LIME

Conveniently located within walking distance of trendy restaurants, cafés, shops, and MyCiTi transport routes

Investment Opportunity:

Tenant in place until end of September 2026

Estimated rental income: R13 000 – R14 000/month

Levies & Rates:

Levy: R2694
Special levy R506.68
Parking bay levy: R119.79

Rates: R750

This property offers modern living, stunning views, and excellent rental potential – a prime opportunity for investors.

Contact us via email to arrange a viewing appointment.

Features

1
1
Interior
Bedrooms
1
Bathrooms
1
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
1
Security
Yes
Sizes
Floor Size
50m²

Woodstock, Cape Town

Situated nearby to Cape Town's bustling CBD and set against the slopes of Devil's Peak with magnificent harbour views, lies the vibrant, multicultural suburb of Woodstock, famed as being one of the oldest suburbs in Cape Town. With affordable, restored Victorian semi-detached homes that have stood the test of time surrounding the busy streets, life in Woodstock offers the perfect blend between inner-city living and...
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The arrival of summer has brought more than just sunny days to the Cape Peninsula, it has also ushered in one of the most opportune times for property owners to sell. While it is still largely a buyer's market elsewhere in the...
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

17,669.58

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