House for sale
Reliable passive income in a convenient central location near shops and transport — five fully tenanted apartments with separate electricity/water meters, 11 bedrooms, five bathrooms and five covered parking.
CALLING ALL INVESTORS - Great Rental Income Opportunity!
ROOM RENTALS: FULLY TENANTED
THE PROPERTY CONSISTS OF THE FOLLOWING:
5 apartments with a total of 11 rooms.
Monthly Rental Income: R 21 950
Monthly Expenses: R 6 558.74
Monthly Net Income: R 16 228.99
Yearly Net Income: R 194 747.93
ROI: 10.53%
Unit 1: 3 bedrooms
Unit 1B: 2 bedrooms
Unit 3: 2 bedrooms
Unit 5: 3 bedrooms
Unit 7: 1 bedroom
Each unit has their own separate electricity & water meter.
Secure Clearvu fencing
“The information provided is believed to be true and correct but does not form part of any agreement”
Listed for sale at R1,550,000
Compared with 58 active listings in Gqeberha.
Insight
Priced 46% 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 38 listings
Above-average space · based on 38 listings
Market depth
58 listings
Similar homes town-wide
132 days
Median time on market
Many similar homes
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.
