Apartment for sale
Convenient, income-ready city living in Southernwood — steps from the CBD, schools and beachfront. Ground-floor, turnkey unit with immediate rental income, four bedrooms and one bathroom.
This spacious ground floor apartment in the heart of Southernwood, East London, presents a solid investment opportunity with immediate rental income of R10,000 per month. Ideally located close to the CBD, schools, shopping centres, medical facilities, public transport routes, and the beachfront, the property benefits from consistently strong tenant demand and excellent long-term growth potential.
Measuring approximately 64m2, the unit is currently configured as a 4-bedroom apartment, with the lounge cleverly converted into an additional bedroom to maximise rental return. The layout includes 1 bathroom, a functional kitchen, and practical living areas well suited for shared accommodation, student housing, or long-term tenants.
Positioned on the ground floor, the apartment offers easy access and added convenience, making it highly appealing to a wide range of tenants. It is already tenanted, allowing for a seamless, turnkey investment with income generated from day one.
Southernwood remains one of East London’s most active rental markets due to its central location and proximity to key amenities and institutions. This property is an ideal addition to any investment portfolio, offering affordability, stable occupancy, and reliable monthly cash flow.
Whether you are an experienced investor or entering the market for the first time, this apartment delivers strong value in a well-established and high-demand suburb.
Listed for sale at R850,000
Limited comparable data
We found only 3 similar-sized active homes in East London — not enough for a fair price comparison.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Southernwood is a centrally located, historic suburb in East London that offers residents convenient access to major schools, medical facilities, and the vibrant city center.