R 2 950 000 | 2.0 bed property for sale in cape town city centre

Flatrock | 2 Bed, 2 Bath Apartment with Parking | Strong Airbnb Potential This well-positioned 2-bedroom, 2-bathroom apartment offers a solid opportunity for both lifestyle living and short-term rental investment in an area that is actively evolving and improving. The surrounding neighbourhood is busy and vibrant, with a lot happening in terms of development, lifestyle offerings, and convenience. While it is not a quiet residential enclave, it is becoming increasingly attractive for its accessibility and proximity to key city amenities — making it ideal for Airbnb guests, professionals, and short-stay tenants who prioritise location and convenience. The apartment itself offers a practical layout with two well-sized bedrooms and two bathrooms, along with the added benefit of secure parking — a valuable feature in this area. A key highlight is the outdoor patio space, which presents additional lifestyle and design potential. We’ve included a concept image (AI-generated design inspiration) to illustrate what this space could look like when enhanced with greenery and styling ideas. This is not the current condition of the unit, but rather a visual guide to show possible improvement potential. From an investment perspective, current market performance of comparable short-term rentals in the area reflects strong demand: * Peak Season (Nov–Mar): R60,000 – R75,000 per month (Approx. R2,800 – R3,300 per night) * Shoulder Season: R40,000 – R48,000 per month (Approx. R2,200 per night) * Low Season (Jun–Aug): R20,000 – R28,000 per month (Approx. R1,460 per night) This translates to a projected annual average gross income of R45,000 – R52,000 per month, with an estimated net return of R35,000 – R42,000 per month after standard management and operating costs. The property comfortably supports holding costs such as levies, rates, and a typical bond structure, making it a compelling option for investors looking for consistent short-term rental performance with upside potential.