Loading property...
+17
More Photos
Investor-focused opportunity on a prominent main road near local amenities, generating income from multiple flats and rooms — 11 bedrooms and five bathrooms across 1319 m², ready for redevelopment.
The Opportunity:
Ideal for student accommodation, workforce housing, or multi-unit residential development
Strong rental demand supports high occupancy and scalable returns
Existing Improvements (Income While You Plan):
Main house (3-bedroom configuration)
3 income-generating flats
4 additional rental rooms
Established tenant base providing immediate revenue
Key Advantages:
Main road exposure – ideal for access and visibility
Infrastructure already in place, reducing upfront costs
Multiple structures allow phased development approach
Water tanks installed (added utility resilience)
This is a value-add project where the real upside lies in reconfiguration, expansion, or complete redevelopment to maximize bulk and returns.
Opportunities like this — combining location, income, and development potential — are seldom available.
Contact Penny today for further details and to explore the full development potential of this site.
Listed for sale at R3,200,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 79 listings in East London (town)
Insight
Priced above the median for similar properties in the area.
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
Affordability
R 31,413 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
79 similar listings
High similar-home inventory town-wide (East London)
Median time on market: 179 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
Beacon Bay offers a relaxed coastal lifestyle with convenient access to amenities and beautiful natural surroundings, making it an attractive residential area.
* Distances and amenities are approximate.
