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High-demand rental block near DUT, shops and hospitals, offering modernized units and secure grounds; additional rear land provides development opportunity to increase rental income.
Block of flats offering excellent investment potential, currently undergoing renovations
The property comprises five units, including four two bedroom apartments and one spacious three bedroom apartment
Upon completion, all units will be fully tiled and equipped with prepaid electricity and water meters, as well as brand new geysers, ensuring modern convenience and cost efficiency for tenants
The property boasts additional land at the rear, presenting an opportunity to extend the existing structure or develop additional units, maximizing rental income potential
Security is well catered for with electric fencing and an automated gate, providing peace of mind for residents
Ideally located within walking distance to shopping centres, DUT, and hospitals, with easy access to the N3 freeway, this property is perfectly positioned for strong rental demand
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R7,900,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 437 listings in Durban (town)
Insight
Priced above the median for similar properties in the area. On a price-per-m² basis, it is 516% above the median. Floor size is 66% 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
Market depth
437 similar listings
High similar-home inventory town-wide (Durban)
Median time on market: 98 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
Bulwer is a charming, historic residential suburb in Durban known for its beautiful Victorian-style architecture, lush tree-lined streets, and convenient proximity to the city's central business district and vibrant social hubs.
* Distances and amenities are approximate.
