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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
Listed for sale at R1,095,000
How this home compares with 23 active listings in Parow.
Insight
Priced 37% above the local median — and above the typical range for Parow.
The premium partly reflects the larger floor size; buyers should still compare condition, position, views and finishes before deciding. 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.
Similar properties pricing
Key differences
Good value · based on 22 listings
Large at a premium · based on 22 listings
Market depth
23 listings
Similar homes town-wide
113 days
Median time on market
Medium inventory
Active across Parow
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Parow Central is a bustling, centrally located urban hub that offers residents exceptional convenience, affordable housing options, and easy access to major transport routes across the Northern Suburbs of Cape Town.
* Distances and amenities are approximate.
