Property prices in Observatory, Cape Town
The typical asking price in Observatory, Cape Town, Western Cape is R 3 350 000 for a house and R 2 392 500 for an apartment. The typical house price in Observatory is 15% below the typical Cape Town price of R 3 950 000. Of the 36 suburbs in Cape Town with a typical house price, Observatory has the 17th lowest. Apartments typically rent for R 16 500 a month, houses for R 8 750. Figures updated in November 2026.
Prices for sale in Observatory
| Home type | Median asking price | Median per m² | Middle 50% per m² | Confidence |
|---|---|---|---|---|
| Houses | R 3 350 000 | R 29 593 | — | 2 / 5 |
| Apartments | R 2 392 500 | R 48 900 | R 40 580 – R 62 027 | 4 / 5 |
| Bedrooms | Apartments |
|---|---|
| Studio / 0 | R 2 295 000 |
| 1 bedroom | R 1 995 000 |
| 2 bedrooms | R 2 895 000 |
Rents in Observatory
| Home type | Median rent / month | Median per m² / month | Middle 50% per m² | Confidence |
|---|---|---|---|---|
| Houses | R 8 750 | R 165 | — | 2 / 5 |
| Apartments | R 16 500 | R 325 | R 298 – R 361 | 4 / 5 |
| Bedrooms | Apartments |
|---|---|
| 1 bedroom | R 15 780 |
| 2 bedrooms | R 20 333 |
Gross rental yield by home type in Observatory
| Home type | Gross yield |
|---|---|
| Apartments | 8,0% |
Suburbs bordering Observatory
| Suburb | House price | Apartment price | Townhouse price | House rent / month | Apartment rent / month |
|---|---|---|---|---|---|
| Observatory | R 3 350 000 | R 2 392 500 | — | R 8 750 | R 16 500 |
| Mowbray | R 4 495 000 | R 1 475 000 | — | R 6 750 | R 11 500 |
| Salt River | R 1 750 000 | R 1 750 000 | — | R 7 950 | R 18 000 |
| Riverlands | — | — | — | — | R 14 600 |
| Pinelands | R 6 675 000 | R 1 625 000 | R 2 490 000 | R 31 000 | R 10 500 |
| Maitland | R 3 650 000 | R 722 500 | — | R 4 875 | R 7 000 |
Grey figures are indicative.
Figures are asking prices, not completed sale prices. Data last updated: .