Three low-maintenance income properties, each two-bed, one-bath, minutes from schools, shopping and major routes with 20-minute CBD access; secure, access-controlled complex with 24-hour manned security and dedicated parking.
Rare investment opportunity to acquire three by two-bedroom, one-bathroom apartments within a secure, access-controlled complex featuring 24-hour manned security.
Each unit includes one dedicated parking bay within the secure complex and is individually metered with prepaid electricity and prepaid water, ensuring simple utility management and reduced operational risk. The presence of 24-hour manned access control significantly enhances tenant retention and long-term asset security.
All five units are currently tenanted, offering immediate, uninterrupted rental income from acquisition. The apartments are well maintained and continue to attract consistent tenant demand.
The flats are located close to schools, shopping centers, and major transport routes, with the CBD approximately 20 minutes away, making them attractive to both long-term tenants and future owner-occupiers. This location, combined with strong security and efficient cost control, supports solid long-term capital growth and income stability.
Below is a detailed breakdown per unit, outlining purchase price, monthly rental income, operating costs, and lease expiry dates:
| Unit | Price | Rent / Month | Levies / Month | Rates / Month | Contract Expiry |
| -------- | ------------- | ------------------ | -------------------- | ------------------- | -------------------- |
| Unit 1 | R685,000 | R8,200 | R2,030.55 | R150.00 | 30 Apr 2026 |
| Unit 2 | R685,000 | R8,200 | R2,030.55 | R180.00 | 30 Apr 2026 |
| Unit 3 | R685,000 | R8,000 | R1,845.05 | R150.00 | 31 Jan 2026 |
Total for all Three units: R2 160 000
This portfolio is ideally suited to investors seeking secure, income-producing residential assets with established tenancies, predictable expenses, and strong location fundamentals.
Further financial details and viewings available by appointment.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R2,160,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 326 listings in Cape Town (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Market depth
326 similar listings
High similar-home inventory town-wide (Cape Town)
Median time on market: 113 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
Maitland is a centrally located, industrial-residential hub that offers exceptional accessibility to Cape Town's major business districts and transport arteries, making it an ideal choice for commuters seeking affordability and convenience.
* Distances and amenities are approximate.