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City Centre · Building price report

Mandela Rhodes Place, City Centre: apartment prices, October 2026

24 Wale Street, a sectional-title scheme registered in 2006. Every sale registered here since January 2023, with the price per m², the trend and what a unit would rent for.

76 sales recorded in Mandela Rhodes Place since 2023, median price R2.35m.

76 registered salesR30,900/m² median
Value my apartment in Mandela Rhodes Place

Data: City of Cape Town public records, 76 registered sales, last updated October 2026.

By Samantha, Sellect · Sales registered Jan 2023 to Jul 2026 · Updated 21 October 2026 · Method
Gold: Mandela Rhodes Place · grey: homes sold in City Centre since 2023

Mandela Rhodes Place in 60 seconds

City of Cape Town registered sales · method at the bottom of the page
R2.35mMedian sale price since 2023 (68 m² median)
R30,900Median price per m² since 2023
32 salesR35,500Median price per m², 2025 and 2026
R49,400/m²−28 %Compared with the City Centre apartment median per m²
R1.30m to R11.33m76Registered sales since January 2023
R17,600/moEstimated rent for a median 68 m² unit
estimate9.0 %Estimated gross yield (5.8 % net)
What is your home worth in City Centre?Compare your unit with every sale in Mandela Rhodes Place: a value range, the rent and the net yield, in 60 seconds. Free.
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1The building

About Mandela Rhodes Place

Mixed-use development completed in 2008 that retained the heritage Kendal, Fairbairn and Court Chambers buildings, converting their upper floors to apartments, with a new ten-floor residential tower rising above them. By price per m², Mandela Rhodes Place sits at number 16 of the 37 City Centre buildings with five sales or more since 2023, above the neighbourhood median. The sectional-title scheme was registered in 2006. Flats sold here since 2023 are mostly one- and two-bedroom sizes: a median of 68 m², from 51 m² to 286 m². Its top sale since 2023: R11.33m for 216 m², registered in May 2026.

Source: Mandela Rhodes Place, dhk Eurocape-Indian Partnership Brings International to South Africa, Hotel Executive

2Prices and trend

What Mandela Rhodes Place sells for

Medians of registered sales. With a handful of sales a year, the mix of units sold moves these figures: read the trend with care.

Apartments in Mandela Rhodes Place sell for about 28 % less per m² than the City Centre median, a way into the neighbourhood below its usual price level. Units sold range from 51 m² to 286 m², with a median of 68 m². 76 sales were registered since January 2023, the most in 2024 (25). The median price per m² moved from R29,800 in 2023 and 2024 to R35,400 in 2025 and 2026, +19 %.

Floor, view and condition move the price of each unit: value your apartment in Mandela Rhodes Place against these sales, free.

Median price per m² by year

R27k202319 salesR31k202425 salesR31k202520 salesR40k202612 sales

Number of sales under each year. 2026 is partial.

Against the neighbourhood

Mandela Rhodes PlaceR35,500
City Centre medianR49,400
The SquareR31,100
IconR37,500
Senator ParkR31,700

Median price per m², sales since January 2025 where available. City Centre median: apartments sold since January 2025.

YearSalesMedian priceMedian price per m²
202612R3.35mR39,731
202520R2.42mR31,343
202425R2.30mR30,882
202319R2.06mR27,439
3Recent sales

Every sale registered in Mandela Rhodes Place since 2023

Month of registration, unit size and price, as published by the City of Cape Town. Unit numbers and owners are not shown.

RegisteredSizePricePrice per m²
Jul 202651 m²R1.90mR37,157
Jun 2026119 m²R3.85mR32,353
Jun 2026119 m²R5.35mR44,958
May 202668 m²R2.85mR41,912
May 2026216 m²R11.33mR52,442
Apr 202664 m²R2.35mR36,719
Mar 202666 m²R2.35mR35,606
Mar 202669 m²R2.69mR39,058
Mar 202699 m²R4.00mR40,404
Mar 2026100 m²R4.75mR47,500
Feb 202699 m²R3.85mR38,889
Jan 202664 m²R2.60mR40,625
Dec 202568 m²R2.40mR35,294
Dec 202551 m²R1.75mR34,314
Nov 202551 m²R1.60mR31,373
Sep 202557 m²R2.10mR36,825
Sep 202587 m²R2.99mR34,368
Jul 202568 m²R2.45mR36,029
Jul 202568 m²R2.50mR36,765
May 202599 m²R3.10mR31,313
May 202568 m²R2.10mR30,882
Mar 2025103 m²R2.80mR27,184
Mar 202564 m²R1.90mR29,688
Mar 202551 m²R1.55mR30,392
Feb 2025104 m²R2.70mR25,962
Feb 2025100 m²R4.00mR40,000
Feb 202580 m²R2.38mR29,750
Jan 202568 m²R2.10mR30,882
Jan 202568 m²R2.45mR36,029
Jan 202568 m²R2.10mR30,882
Jan 2025186 m²R3.30mR17,745
Jan 2025100 m²R3.49mR34,900
Dec 202468 m²R2.35mR34,559
Nov 202468 m²R2.10mR30,882
Nov 202486 m²R2.70mR31,395
Oct 202468 m²R2.20mR32,353
Oct 202465 m²R2.05mR31,538
Oct 202487 m²R2.60mR29,885
Sep 202468 m²R2.10mR30,882
Sep 202488 m²R2.75mR31,250

The 40 most recent of 76 sales.

4Rent and yield

What a unit in Mandela Rhodes Place would earn

Estimates, not observed rents: Sellect model from the price level, the same as in your free report.

Estimate

Rent for a median unit

R17,600 /month

A 68 m² unit at the building median of R2.35m would rent for about R17,600 a month: a gross yield of about 9.0 % and about 5.8 % net, after rates, levies, management and empty months.

Rates at the City’s 2026/27 residential rate, levies estimated at R45 per m² a month, management 8 %, vacancy 4 %.

Your unit

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Your floor, view, size and condition move the price. Your free report compares your unit with every sale in Mandela Rhodes Place and gives a value range, the rent and the net yield, in 60 seconds.

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Frequently asked questions

How much does an apartment in Mandela Rhodes Place cost?

Since January 2023, 76 apartments were registered as sold in Mandela Rhodes Place, City Centre, at a median of R2.35m for 68 m², or R30,900 per m². Prices ranged from R1.30m to R11.33m.

Is Mandela Rhodes Place expensive for City Centre?

Units in Mandela Rhodes Place sell for a median of R35,500 per m², 28 % below the City Centre apartment median of R49,400 per m² for sales since January 2025.

What rent can I get for a flat in Mandela Rhodes Place?

About R17,600 a month for a 68 m² unit, a gross yield of about 9.0 % (5.8 % net). This is a Sellect estimate from the price level; your free report adjusts it to your unit.

Where do these figures come from?

From sales registered at the Deeds Office and published by the City of Cape Town, analysed by Sellect. Bundles, parking bays, storerooms and implausible prices are excluded. Figures are medians and indicative, not a valuation.

Nearby buildings

Market House160 m awayThe Piazza on Church Square190 m awayThe Adderley200 m away

Other buildings in City Centre

The Square63 salesIcon57 salesSenator Park54 salesHarbouredge32 salesCannon Gardens27 salesThe Rockwell25 salesPepper Club23 salesVictoria Junction23 sales
City Centre property pricesRental yield in City CentreCity Bowl
Sources and method. City of Cape Town, registered sales and 2025 General Valuation Roll, analysed by Sellect; data updated 21 October 2026. Sales are shown per building, without unit numbers or owners’ names. Rents and yields are Sellect estimates. Figures are indicative, not a valuation.