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Effortless passive-income opportunity in central Quigney, walking distance to transport and campuses — iconic 16-unit block with shared kitchens, sectionalised units and strong student-rental appeal.
An excellent investment opportunity in the heart of Quigney, ideally positioned for student accommodation or high-demand rentals.
This iconic block of flats comprises 16 sections in total and is being sold as a complete block, despite each unit being individually sectionalised.
Property Overview:
16 flats in total
3 levels: Ground floor, middle floor, and top floor
Five flats per floor
Additional bachelor flat located at the rear of the property
Shared kitchen facilities on each floor
Each flat is sectionalised, offering future flexibility, but the sale is for the entire block only
Key Features:
Prime central Quigney location
Ideal for student housing or multi-tenant rental
Well-known, established building with strong rental appeal
High-density layout maximising income potential
Walking distance to transport routes, amenities, and educational facilities
Investment Highlights:
Strong rental demand area
Multiple income streams from one purchase
Potential to enhance returns through student or room-based accommodation model
Sectionalisation already in place for long-term flexibility
This is a rare opportunity to acquire a full residential block in a high-demand rental node with excellent upside potential.
Listed for sale at R4,500,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 78 listings in East London (town)
Insight
Priced above the median for similar properties in the area.
Benchmark uses town-level data where suburb sample size is limited. Premium areas may trade above town averages - check with the agent for local guidance.
Similar properties pricing
Affordability
R 44,174 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
78 similar listings
High similar-home inventory town-wide (East London)
Median time on market: 101 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Quigney offers a vibrant coastal lifestyle with a mix of residential options, convenient access to the beach, and proximity to the East London city center.
* Distances and amenities are approximate.
