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Apartment for sale
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.
Listed for sale at R550,000
Price reduced by 22.7% to R425,000
How this home compares with 125 active listings in Midrand.
Insight
Priced 36% below the local median — and below the typical range for Midrand.
The lower price may partly reflect the smaller floor size. 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
Premium priced · based on 107 listings
Compact at a premium · based on 107 listings
Market depth
125 listings
Similar homes town-wide
129 days
Median time on market
Many similar homes
Active across Midrand
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Glen Austin AH offers a tranquil, semi-rural lifestyle with expansive properties and a peaceful atmosphere, while remaining conveniently positioned near the major business hubs and transport arteries of Midrand.
* Distances and amenities are approximate.
