Apartment for sale
Enjoy lagoon-view coastal living in Upper Old Place, Knysna — open-plan apartment with balcony. Two bedrooms, two baths, tandem lock-up garage; tenant in place.
Investment Opportunity with Tenant in Place and Lagoon Views
Positioned in Upper Old Place, Knysna, this secure and spacious corner apartment presents an attractive investment opportunity with a tenant already in place at a monthly rental of R14,000, providing an established gross rental income of R168,000 per annum. The apartment comprises two bedrooms and two bathrooms, with the main bedroom enjoying beautiful lagoon views and its own en suite bathroom. Open plan living areas flow seamlessly onto an open balcony, while air conditioning provides year round comfort. The fully equipped kitchen features granite countertops and includes all appliances should the furnished option be selected. A tandem lock up garage provides valuable additional parking and storage convenience.
Situated within a well managed complex, the property benefits from a secure perimeter wall, electric access gate and ample guest parking. The complex is pet friendly, subject to approval, and the apartment is equipped with DSTV, fibre, prepaid electricity and existing internet connections. With a tenant already in occupation at R14,000 per month, an investor has the benefit of acquiring an established income producing property without the immediate need to source a tenant. Ideally positioned in the beautiful Garden Route and complemented by exceptional lagoon views, this property represents an appealing addition to a Knysna investment portfolio.
Please note: Selected photographs have been AI enhanced for illustrative purposes to demonstrate the property`s potential. The enhancements do not alter the physical structure or layout of the property.
Listed for sale at R1,900,000
How does this home’s price compare with similar properties?
Price comparison based on 10 similar-sized 2-bed homes.
Insight
Priced 6% above the local median - but still inside the typical range across Knysna.
Compared with 10 similar homes (13 listings) across Knysna.
It is higher per m² than typical, which helps explain where it sits in the range. 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.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Old Place is a tranquil, established residential suburb in Knysna known for its leafy streets, central location, and convenient access to the town's primary amenities and the scenic Knysna Lagoon.
