Palmhof, Gardens: apartment prices, October 2026
24 Union St, a sectional-title scheme registered in 1983. Every sale registered here since January 2023, with the price per m², the trend and what a unit would rent for.
15 sales recorded in Palmhof since 2023, median price R2.26m.
Data: City of Cape Town public records, 15 registered sales, last updated October 2026.
By Samantha, Sellect · Sales registered Sep 2023 to Jan 2026 · Updated 21 October 2026 · MethodPalmhof in 60 seconds
City of Cape Town registered sales · method at the bottom of the pageAbout Palmhof
By price per m², Palmhof sits at number 19 of the 38 Gardens buildings with five sales or more since 2023, above the neighbourhood median. Its top sale since 2023: R3.55m for 93 m², registered in Nov 2023. The units that changed hands range from 53 m² to 93 m², mostly one- and two-bedroom sizes (median 77 m²). Two units were bought and resold within the period.
What Palmhof 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 Palmhof sell for about 9 % less per m² than the Gardens median, a way into the neighbourhood below its usual price level. Units sold range from 53 m² to 93 m², with a median of 77 m². 15 sales were registered since January 2023, the most in 2024 (7). The median price per m² moved from R30,700 in 2023 and 2024 to R38,300 in 2025 and 2026, +25 %. Since July 2025, units here sold for a median of +19 % their 2025 municipal value.
Floor, view and condition move the price of each unit: value your apartment in Palmhof against these sales, free.
Median price per m² by year
Number of sales under each year. 2026 is partial.
Against the neighbourhood
Median price per m², sales since January 2025 where available. Gardens median: apartments sold since January 2025.
| Year | Sales | Median price | Median price per m² |
|---|---|---|---|
| 2026 | 1 | R2.80m | R36,364 |
| 2025 | 2 | R2.73m | R41,261 |
| 2024 | 7 | R1.75m | R28,947 |
| 2023 | 5 | R2.46m | R32,013 |
Every sale registered in Palmhof since 2023
Month of registration, unit size and price, as published by the City of Cape Town. Unit numbers and owners are not shown.
| Registered | Size | Price | Price per m² |
|---|---|---|---|
| Jan 2026 | 77 m² | R2.80m | R36,364 |
| Oct 2025 | 77 m² | R2.95m | R38,312 |
| Aug 2025 | 57 m² | R2.52m | R44,211 |
| Dec 2024 | 57 m² | R2.48m | R43,421 |
| Nov 2024 | 57 m² | R2.00m | R35,000 |
| Nov 2024 | 53 m² | R1.70m | R32,075 |
| May 2024 | 57 m² | R1.65m | R28,947 |
| Mar 2024 | 77 m² | R2.15m | R27,922 |
| Mar 2024 | 57 m² | R1.50m | R26,316 |
| Jan 2024 | 67 m² | R1.75m | R26,119 |
| Nov 2023 | 93 m² | R3.55m | R38,172 |
| Nov 2023 | 77 m² | R2.00m | R25,974 |
| Oct 2023 | 77 m² | R2.65m | R34,416 |
| Sep 2023 | 77 m² | R2.46m | R32,013 |
| Sep 2023 | 77 m² | R2.26m | R29,351 |
What a unit in Palmhof would earn
Estimates, not observed rents: Sellect model from the price level, the same as in your free report.
Rent for a median unit
A 77 m² unit at the building median of R2.26m would rent for about R16,700 a month: a gross yield of about 8.9 % and about 5.5 % 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 %.
Value your flat in Palmhof
Your floor, view, size and condition move the price. Your free report compares your unit with every sale in Palmhof 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 Palmhof cost?
Since January 2023, 15 apartments were registered as sold in Palmhof, Gardens, at a median of R2.26m for 77 m², or R32,100 per m². Prices ranged from R1.50m to R3.55m.
Is Palmhof expensive for Gardens?
Units in Palmhof sell for a median of R38,300 per m², 9 % below the Gardens apartment median of R42,000 per m² for sales since January 2025.
What rent can I get for a flat in Palmhof?
About R16,700 a month for a 77 m² unit, a gross yield of about 8.9 % (5.5 % 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.