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Apartment for sale
Hassle-free rental income in vibrant Quigney, close to CBD, transport and schools. Multi-let four-bedroom layout with shared kitchen, one-bathroom, currently income-producing and ready-tenanted.
Located in the high-demand rental area of Quigney, this spacious 95m2 sectional title apartment presents a strong investment opportunity with immediate rental income.
The unit, originally configured as a 3-bedroom apartment, has been adapted into a 4-bedroom multi-let layout designed to maximise rental yield. It offers a shared kitchen, one bathroom (bath, basin, and toilet), and built-in cupboards in all bedrooms, making it well-suited for high-occupancy rental use.
The property currently generates a gross rental income of R8,500 per month, providing a stable and established cash-flow profile for investors seeking entry into the income-generating property market.
The property benefits from proximity to key amenities including the CBD, public transport routes, educational facilities, and retail centres, ensuring consistent tenant demand.
While the unit shows signs of age-related wear consistent with long-term rental use, it offers clear potential for cosmetic enhancement and value uplift over time.
This is an ideal opportunity for investors seeking a ready-tenanted, income-producing asset in a well-established rental node.
Listed for sale at R699,000
How this home compares with 89 active listings in East London.
Insight
Priced 5% below the local median — but still inside the typical range for East London.
It's larger than typical, which helps explain where it sits in the range. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages — check with the agent for local guidance.
Similar properties pricing
Key differences
Good value · based on 67 listings
Above-average space · based on 67 listings
Market depth
89 listings
Similar homes town-wide
102 days
Median time on market
Many similar homes
Active across East London
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Quigney is a vibrant, centrally located coastal suburb that offers residents an affordable urban lifestyle with immediate access to East London's iconic beachfront and major city amenities.
* Distances and amenities are approximate.
