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Ideal for investors in lively Glen Austin student precinct, this cash-flowing 1-bedroom apartment has been converted into a ready-to-run laundromat, delivering steady footfall and instant income.
Positioned for profit and perfectly located, this unique 1-bedroom apartment in Glen Austin has been cleverly converted into a fully functional laundromat—right in the heart of a thriving student hub.
Surrounded by two additional student accommodations and set within a student residence, this property enjoys constant foot traffic and consistent demand, making it an ideal income-generating investment. With a built-in client base and high daily usage potential, it offers immediate returns and long-term growth.
A rare opportunity to own a business-ready unit in a high-demand location—where convenience meets cash flow.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R550,000
Price reduced by 22.7% to R425,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 127 listings in Midrand (town)
Insight
Priced below the median for similar properties in the area. On a price-per-m² basis, it is 28% above the median. Floor size is 52% smaller than typical for similar homes.
Similar properties pricing
Key differences
Market depth
127 similar listings
High similar-home inventory town-wide (Midrand)
Median time on market: 158 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
Glen Austin AH offers residents a tranquil, semi-rural lifestyle with spacious properties while still providing convenient access to the amenities of Midrand and Johannesburg.
* Distances and amenities are approximate.
