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
Wide price range across East London
Prices vary widely across East London, so a like-for-like comparison isn't reliable for this home.
Around R1.2M typical in Quigney (small sample of 2).
Market depth
14 similar homes
17 listings across East London
Low inventory
Active across East London
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Quigney is a vibrant, coastal suburb in East London that offers residents a relaxed beachside lifestyle with convenient access to the city center and scenic ocean views.
