3 Bedroom Townhouse For Sale in Port Elizabeth

Property description

Exceptional Investment Opportunity in the Heart of Richmond Hill

Welcome to this unique dual-purpose property located in one of Gqeberha’s most historic and sought-after suburbs — Richmond Hill. Offering immediate income potential and long-term growth, this home is perfectly suited to investors, business-minded homeowners, or those seeking flexible lifestyle options.

Property Overview

This versatile home is intelligently configured into two separate living units:

• Upper Level: Currently operating as a successful, fully furnished Airbnb. This level features a spacious open-plan living area, a modern kitchen with quality appliances, and well-appointed bedrooms. A sun-soaked patio overlooking Algoa Bay offers the perfect setting for entertaining or relaxing with panoramic views and unforgettable sunsets.

• Lower Level: A self-contained flat with its own entrance, comprising a comfortable bedroom, bathroom, and kitchen. This unit is currently leased to a long-term tenant, ensuring a consistent monthly income.

Additional features include a camera and alarm security system, registration with the Richmond Hill Special Rating Area (SRA), and two rented street garages which will be transferred to the new owner.

Richmond Hill: Timeless Appeal with a Contemporary Edge

Known for its beautifully preserved Victorian and Edwardian homes, Richmond Hill offers a rich architectural heritage complemented by vibrant urban renewal. Stanley Street — just a short walk away — is the suburb’s cultural heart, lined with stylish restaurants, boutique shops, and cafés.

Notable nearby landmarks include:

Erica Girls' School (est. 1903)

Donkin Reserve, part of the iconic Donkin Heritage Trail

This rare blend of old-world charm and modern amenities makes Richmond Hill one of Gqeberha’s most desirable and dynamic residential pockets.

Student Accommodation Potential

With Nelson Mandela University (NMU) and other tertiary institutions experiencing growing student numbers, demand for quality student housing in Gqeberha is on the rise. This property, with its existing dual-layout and potential to expand with two additional rooms, presents a compelling opportunity to tap into this market and boost rental returns.

Prime Central Location

Situated just a few hundred meters from Stanley Street, the property enjoys immediate access to a host of amenities, including:

Trendy eateries

Boutique shopping

Entertainment venues

Public transport links

Its central position, paired with inclusion in the Richmond Hill SRA, ensures strong future growth and continuous community-driven development.

Investment Highlights

• Dual-income property with short- and long-term rental potential
• Additional development scope for extra rooms or student accommodation
• Period features including original wooden flooring and heritage details
• Modern security systems installed
• Part of the Richmond Hill SRA, offering added peace of mind

Schedule Your Viewing

Own a piece of Gqeberha’s heritage while enjoying strong income returns and lifestyle flexibility. Contact us today to arrange your private viewing and unlock the full potential of this exceptional Richmond Hill property.