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Central highrise living with skyline views and 24-hour security; compact 26m² 16th-floor studio with one bathroom. Cash buyers only — currently rented for R2500/month.
Important Information Before Inquiring: Please be advised that this listing is exclusively for cash buyers—no bond financing is accepted. The building is somewhat dilapidated but has been maintained to a degree, cleaned, and features 24-hour security.
We are not seeking buyers who prioritize safety, as the area surrounding the building is not considered safe; please refrain from inquiring about safety concerns. This opportunity is not suitable for everyone and is intended for those who are familiar with the area. The unit is located on the 16th floor, and currently, only one lift is operational.
Access for tenants is via fingerprint recognition. The building is home to many foreign nationals and generates a rental income of R2500 per month. Only serious inquiries regarding the purchase of an apartment in Highrise will be considered.
Listed for sale at R120,000
Price reduced by 4.2% to R115,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 24 listings in Berea
Insight
Priced below the median for similar properties in the area. On a price-per-m² basis, it is 32% below the median. Floor size is 65% smaller than typical for similar homes.
Similar properties pricing
Key differences
Affordability
R 1,129 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
24 similar listings
Medium similar-home inventory in Berea
Median time on market: 96 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
Berea offers a vibrant urban lifestyle with a mix of residential options, convenient access to amenities, and a diverse community, making it an attractive place to live for those seeking a central location in Johannesburg.
* Distances and amenities are approximate.
