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Effortless income and secure urban living in sought-after Richmond Hill, Gqeberha — income-generating block with ten two-bedroom and one one-bedroom flats, prepaid electricity and large underground parking.
Looking for an immediate return on investment.
NB - Purchase this block with an option to purchase the adjacent vacant plot at a drastically reduced price.
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
Listed for sale at R4,199,000
Price reduced by 0.1% to R4,195,000
How this home compares with 189 active listings in Gqeberha.
Insight
Priced 519% above the local median — and above the typical range for Gqeberha.
The premium partly reflects the larger floor size; buyers should still compare condition, position, views and finishes before deciding. 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 169 listings
Large at a premium · based on 169 listings
Market depth
189 listings
Similar homes town-wide
106 days
Median time on market
Many similar homes
Active across Gqeberha
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
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.
