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Central Lenasia Extension 5 living with reliable rental income and community convenience; seven private 2- and 3-bedroom units, paved courtyard parking and secure perimeter fencing.
This well-maintained block of flats is located in the heart of Lenasia Extension 5, offering convenience, comfort, and excellent rental potential. The property comprises 7 distinct residential units, each designed to provide privacy and practicality for tenants.
The building features a mix of spacious 2-bedroom and 3-bedroom units, all fitted with functional kitchens, neatly tiled bathrooms, and open-plan living areas. Each unit has its own prepaid electricity and water meter, ensuring easy management for both landlord and tenant. The property is fully secured with perimeter fencing, lockable gates, and ample lighting throughout.
A paved courtyard provides safe parking for multiple vehicles, while the surrounding neighbourhood offers easy access to shops, schools, places of worship, and public transport. With its strong rental demand and solid structure, this block of flats is an ideal investment in a sought-after area of Lenasia.
Listed for sale at R8,000,000
Price reduced by 0.6% to R7,950,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 669 listings in Johannesburg (town)
Insight
Priced above the median for similar properties in the area. On a price-per-m² basis, it is 16% above the median. Floor size is 789% 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
Affordability
R 78,041 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
669 similar listings
High similar-home inventory town-wide (Johannesburg)
Median time on market: 162 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
Lenasia Ext 5 is a well-established residential area offering a family-friendly environment with convenient access to local amenities and a strong sense of community.
* Distances and amenities are approximate.