Property description
Welcome to a plug-and-play investment opportunity in the heart of Ferndale.
This freehold property offers five fully-let flats, each with a private kitchen, bathroom, prepaid utilities, and secure parking.
Current rental income is R28 000 – R30 000 per month,
The main residence features generous living space with 2 bedrooms and 2 bathrooms, plus a separate domestic suite. The flatlets are ideal for tenants or extended family, with minimal maintenance and steady demand in this central Randburg location.
Highlights
• 5 self-contained flats
• Fully tenanted
• Prepaid power electricity meters in each unit
- Each unit has a separate geyser
- Each unit has its own DB board
• Secure parking for tenants and visitors
• Erf 1987 m² | Floor ≈ 187 m²
- WiFi - high speed included in the rent
• Close to Bryanston and Ferndale on Republic
Ideal for investors seeking a stable, hands-off asset with room to grow.
Schedule a viewing to see why Elgin Avenue is Ferndale’s best-kept investment secret.
- Single Storey
- Cottage
- Garden Flat
- Vegetable Farm
- Residential
- Yard
Location rating
Nearby Transport
Nearby Education
Nearby Other
Request property details from Keller Williams - KW Select
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Agents
Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
