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R2,350,000

602 The Iron Works, 85 Ravenscraig Road

Monthly Bond Repayment R23,068.62
Calculated over 20 years at 10.25% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R2,200
Monthly Rates
R1,073

Two bedroom, one bathroom at Iron Works

A stunning 63sqm mountain facing two-bedroom apartment with a secured parking bay at The Iron Works.

Offering modern finishes and open-plan living, this unfurnished apartment includes one parking bays and a private balcony, making it an attractive option for savvy investors and first-time homeowners alike.

Property Features

Open-plan kitchen and living area, plumbed for two appliances

Contemporary finishes throughout

Two bedrooms with built-in cupboards

Bathroom with a large shower.

Double-glazed windows and sliding door.

Fibre-ready for high-speed internet

Prepaid electricity meter

One secure basement parking bay

Building & Location Highlights:

24-hour security with access control and CCTV surveillance

Professionally managed by LIME Managing Agents

Ideally located within walking distance to trendy eateries, coffee shops, retail outlets, and MyCiTi public transport

Just minutes from Cape Town CBD, the V&A Waterfront, and major highways

Investment Opportunity:

Strong rental demand in the area

Estimated rental income: R15 000 – R17 000 per month

Tenant currently in place – immediate return on investment

Special Levy: R2 500

Please email me for a viewing appointment

Features

2
1
Interior
Bedrooms
2
Bathrooms
1
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
1
Security
Yes
Sizes
Floor Size
63m²

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

 

LOAN AVAILABLE

R
%

Monthly Payment

23,068.62

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