Steady passive-income opportunity in Heatherdale with R60,000 monthly rent and room to expand, set near new developments, each unit fitted with gas stoves and borehole water.
Property in Heatherdale offers a lucrative opportunity for savvy investors. The property comprises 12 well-appointed units, generating a significant monthly rental income of R60,000. With ample space to construct additional units, the potential for growth and increased returns is vast.
The property boasts municipal water and a borehole, ensuring a reliable water supply. Modern conveniences like gas stoves and geysers are installed in all units, enhancing the appeal to tenants. Two entrances provide easy access, and existing leases ensure a steady income stream. Surrounded by nearby developments, this property offers a promising investment prospect, poised to deliver a substantial pension income for years to come.
Listed for sale at R4,400,000
Price reduced by 3.4% to R4,250,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 42 listings in Akasia (town)
Insight
Priced above the median for similar properties in the area. On a price-per-m² basis, it is 59% below the median. Floor size is 272% 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 41,720 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
42 similar listings
High similar-home inventory town-wide (Akasia)
Median time on market: 181 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
Heatherdale AH offers a tranquil, semi-rural lifestyle with larger properties while still providing convenient access to urban amenities in Akasia and Pretoria.
* Distances and amenities are approximate.