House for sale
Central Malvern living with easy access to Spar, Checkers and Jules Street — live comfortably in a 2-bed, 2-bath home while five income-producing cottages yield R14,000 monthly.
This is the kind of property buyers in this area want, and at the right price. House itself has 2 bedrooms. Part of the house has been sub-let. Then there are 5 outside cottages. Total income R14000. Utilities are included in the rent. Property is fully paid for; seller has title deed.
This is what investor buyers are looking for. 7 Tenants, or more paying good rent. They're quiet and well behaved. And they're on a month-to-month rental arrangement, which means you, dear buyer, choose whether to keep them or tell them to go.
With all this rental space there's still plenty of room for the owner to live comfortably you'll have your lounge, kitchen, 2 bedrooms and even 2 bathrooms, one en-suite.
OK, the kitchen cupboards need fixing, but for this price, isn't it amazing that that's all that needs doing?
The location is great. It's a short walk to Spar, Checkers, and Jules St with its shops and transport. Not the bad side of Malvern, but the good side. That's why these tenants stay.
How do you finance a property like this? That's what we're here for. We help you apply for finance, show you the costs, and do everything you need to make this rent factory yours. All you do is get your documents together and move in. This property is a money maker. We'll help you make it yours.
Contact Jono for viewing.
Listed for sale at R1,199,000
How does this home’s price compare with similar properties?
Insight
Priced 26% above the local median - at the upper edge of the typical range across Germiston.
Compared with 15 2-bed homes (16 listings) across Germiston.
Buyers should compare condition, position, views, finishes and floor size 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.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Malvern East is a well-established, centrally located residential suburb in Germiston that offers convenient access to major industrial hubs and highway networks, making it an ideal choice for commuters and families seeking affordability.
