House for sale
Secure passive income in Central with a fully occupied, low-maintenance five-apartment property (11 beds, 5 baths), close to shops and transport, each unit with individual meters.
(JOINT MANDATE)
Looking for a profitable, low-maintenance investment? This tenanted multi-unit property in Central is a true gem — fully occupied with reliable tenants and excellent returns!
Property Details:
5 Apartments with a total of 11 bedrooms
Monthly Rental Income: R21,950
Monthly Expenses: R6,558.74
Monthly Net Income: R16,228.99
Yearly Net Income: R194,747.93
roi: 10.53%
Each unit has its own water and electricity meter, making management simple and cost-efficient.
The property is fully enclosed with Clear Vu fencing for added security and peace of mind.
Breakdown of Units:
Unit 1: 3 Bedrooms
Unit 1B: 2 Bedrooms
Unit 3: 2 Bedrooms
Unit 5: 3 Bedrooms
Unit 7: 1 Bedroom
Conveniently located in Central, close to shops, transport, and all amenities — ideal for student accommodation or long-term
Disclaimer: Whilst every endeavor has been made to ensure the accuracy herein, no liability will be accepted for any errors or omissions.
Listed for sale at R1,695,000
Compared with 35 active listings in Gqeberha.
Insight
Priced 41% below the local median — and below the typical range for Gqeberha.
It sits below similar homes even on a price-per-m² basis — condition, position or finishes may explain the gap. 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 19 listings
Above-average space · based on 19 listings
Market depth
35 listings
Similar homes town-wide
87 days
Median time on market
Medium inventory
Active across Gqeberha
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Gqeberha Central offers a vibrant, historic urban lifestyle characterized by its proximity to major business hubs, cultural landmarks, and the scenic coastline, making it an ideal choice for those who value city convenience and architectural heritage.
