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Turnkey passive income from a sought-after Richmond Hill address in Gqeberha — ten two-bedroom and one one-bedroom flats, prepaid electricity and secure underground parking.
Looking for an immediate return on investment.
The income generating block consists of the following
10 x Two Bedroom flats with a separate bathroom, kitchen and lounge.
1 x One Bedroom flat with a separate bathroom, kitchen and lounge.
Pre-paid electricity
Nestled in the sought after Richmond Hill area of Gqeberha this apartment block offers practical and comfortable living spaces. The flats each feature double bedrooms with built in cupboards and tiled floors for low maintenance. The kitchens feature built in cupboards and tiled floors for easy maintenance. There is a large underground parking that ensures your vehicle is secure.
Call me today for an appointment to view.
Disclaimer - Please take note all information is deemed to be correct and neither myself or any represented person/persons will be held liable for any misrepresentation herein
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R4,199,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 197 listings in Gqeberha (town)
Insight
Priced above the median for similar properties in the area. On a price-per-m² basis, it is 50% below the median. Floor size is 1013% larger than typical for similar homes.
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
Key differences
Market depth
197 similar listings
High similar-home inventory town-wide (Gqeberha)
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
Richmond Hill is a vibrant, historic neighborhood in Gqeberha known for its charming Victorian architecture, tree-lined streets, and a bustling, eclectic culinary scene that appeals to young professionals and creative residents.
* Distances and amenities are approximate.
