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Apartment for sale
Start earning rental income quickly with this city-centre Berea fixer-upper — vacant bank-assisted bachelor apartment near shops and transport, 42 m² project-ready with strong rental demand.
?? BANK-ASSISTED SALE | AFFORDABLE FIXER-UPPER INVESTMENT OPPORTUNITY IN BEREA
Attention property investors and renovators! This bachelor apartment in Selray Mansions, Berea, presents an excellent opportunity to acquire a property at an affordable entry price and unlock its income-generating potential.
Priced at only R150,000, this vacant bachelor unit is ideal for buyers looking to renovate and add value. The apartment requires refurbishment and repairs, including flooring and window replacements, making it particularly suitable for investors seeking a project with strong upside potential.
Located in a well-established rental area, the property benefits from consistent tenant demand and offers the opportunity to generate attractive rental income once renovated. Similar units in the building currently achieve rentals of approximately R3,300 per month.
Property Features:
? Bachelor Apartment
? Vacant and Ready for Renovation
? Bank-Assisted Sale
? Excellent Investment Opportunity
? Strong Rental Demand Area
? Potential Rental Income of Approximately R3,300 per Month
? Priced at Only R150,000
? Ideal for Investors and Renovators
Whether you are an experienced investor or looking for an affordable entry into the property market, this unit offers the opportunity to create value and build long-term rental income.
Contact me today to arrange a viewing.
Listed for sale at R150,000
How this home compares with 21 active listings in Berea.
Insight
Priced 50% below the local median — and below the typical range for Berea.
The lower price may partly reflect the smaller floor size.
Similar properties pricing
Key differences
Good value · based on 16 listings
More compact · based on 16 listings
Market depth
21 listings
Similar homes in Berea
99 days
Median time on market
Medium inventory
Active in Berea
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Berea is a centrally located, high-density urban suburb that offers residents unparalleled access to Johannesburg's inner-city business hubs, historic architecture, and a vibrant, fast-paced metropolitan lifestyle.
* Distances and amenities are approximate.
