Property description
This well-established commune property offers a great investment opportunity in the popular suburb of Gezina, currently generating a steady monthly rental income of approximately R60 000– R62,000. It is ideal for investors looking for a property with reliable income and strong rental demand.
The main house includes 15 rentable rooms, supported by four shared bathrooms and a communal kitchen designed for comfortable shared living. The property also has two additional outbuildings that increase the rental income potential. The first outbuilding offers three rooms with two bathrooms, while the second provides three rooms, one bathroom, and its own kitchen.
In total, the property offers 21 income-producing rooms, making it suitable for student accommodation or working professionals looking for affordable housing. Extra features include a lapa and braai area, providing shared outdoor space for tenants. The property also has a borehole (condition to be confirmed), which may help reduce water costs.
The property is well located near Steve Biko Academic Hospital, Robert Hicks Primary School, Gezina Galleries, and within walking distance of Jakaranda Shopping Centre. With its convenient location and strong rental demand, this property offers a solid investment opportunity with good long-term income potential.
- Flatlet
- Freehold
- Pets Allowed
- Flooring: Tiles
- Walling: Partly Walled, Partly Fenced
Location rating
Nearby Transport
Nearby Education
Nearby Other
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Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
