Turnkey income living in Glenlily, close to schools and main routes. Reliable tenants deliver R18,000/month; practical two-bedroom, one-bath apartment with open parking.
Turnkey Investment Opportunity in Glenlily – Income-Generating Apartment
This well-maintained 2-bedroom, 1-bathroom apartment in the sought-after suburb of Glenlily presents an exceptional opportunity for investors looking to secure a property with immediate returns.
Sold as an ongoing concern, the apartment comes with reliable tenants already in place, generating a steady rental income of R18 000 per month. This makes it a hassle-free, turnkey investment from day one.
The apartment offers a comfortable and practical layout, with two well-sized bedrooms, a neat bathroom, and a functional living space designed for easy everyday living. Its location in Glenlily ensures convenient access to major routes, schools, and essential amenities, enhancing its long-term rental appeal.
Whether you're expanding your property portfolio or entering the investment market, this income-generating unit is a rare find that combines stability, convenience, and solid returns.
Faaghir Rasdien is a representative of Real Estate Power CC T/A Real Realty
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,095,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 22 listings in Parow (town)
Insight
Priced above the median for similar properties in the area. Floor size is 15% 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
Affordability
R 10,749 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
22 similar listings
Medium similar-home inventory town-wide (Parow)
Median time on market: 95 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
Parow Central is a bustling and conveniently located suburb offering a mix of residential, commercial, and industrial areas, making it an accessible and affordable place to live.
* Distances and amenities are approximate.