City-centre convenience and strong rental returns in Durban CBD, steps from transport, shops and eateries. Renovated granite kitchen, private balcony; three bedrooms, 1.5 baths.
Priced to sell, this 89sqm income-generating apartment in the Ruslynn building, 47 Diakonia Road, Durban Central, offers a compelling buy-to-let investment opportunity with immediate returns.
Originally a two-bedroom unit, the apartment has been intelligently converted into a three-bedroom layout, allowing it to achieve a rental income of approximately R10,600 per month. This makes it an ideal option for investors seeking strong yield, affordability, and consistent tenant demand in the Durban CBD.
The unit features a renovated kitchen with granite countertops, ample cupboard space, a built-in stove, and a convenient breakfast nook. It is fully tiled throughout and includes a bathroom with a shower, as well as a separate toilet for added convenience.
The main bedroom opens onto a private balcony, the second bedroom includes built-in cupboards, and the third bedroom enhances rental flexibility and income potential. Minor cosmetic updates, such as repainting or refreshing the bathroom, offer an opportunity to add value at minimal cost.
Conveniently located with public transport, shops, and amenities within walking distance, including KFC directly across the road, the property benefits from strong rental demand and excellent accessibility.
This apartment is well suited to:
Buy-to-let investors
First-time property investors
Buyers seeking tenant-assisted bond repayment
📞 Contact us today to arrange a private viewing.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R695,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 57 listings in Durban (town)
Insight
Priced below the median for similar properties in the area. On a price-per-m² basis, it is 25% below the median. Floor size is 18% smaller than typical for similar homes.
Similar properties pricing
Key differences
Market depth
57 similar listings
High similar-home inventory town-wide (Durban)
Median time on market: 106 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
Durban Central offers a vibrant, fast-paced urban lifestyle characterized by its proximity to the beachfront, historic architecture, and a bustling atmosphere that appeals to those who enjoy being at the heart of the city's commercial and cultural activity.
* Distances and amenities are approximate.