House for sale
Passive income opportunity in Glenesk, close to Johannesburg CBD, schools and shops. Four income-generating units — including a one-bedroom with private balcony — seven beds, two baths.
Strong Rental Income | Excellent ROI Opportunity
This well-positioned investment property in Glenesk offers immediate income and long-term growth potential. Ideal for investors looking for a solid, income-generating asset.
Property Features:
4 Rental Units in Total
3 × Units: 2 bedrooms, lounge, kitchen & bathroom
1 × Unit: 1 bedroom, lounge, kitchen, bathroom & private balcony
Fully functional layout with good tenant appeal
Well-maintained and designed for easy letting
Current Rental Income:
R23,100 per month
Location – Glenesk, Johannesburg:
Close to main transport routes
Easy access to Johannesburg CBD
Near schools, shops, and amenities
Why This Property?
Immediate cash flow from existing rentals
Multiple units reduce vacancy risk
High demand rental area
Perfect for both seasoned and first-time investors
Don’t miss out!
Contact now to arrange a viewing and secure this income-generating property. Ref 8020
Listed for sale at R1,699,000
Compared with 207 active listings in Johannesburg.
Insight
Priced 14% below the local median — but still inside the typical range for Johannesburg.
It is lower per m² than typical, which helps explain where it sits in the range. 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 94 listings
More compact · based on 94 listings
Market depth
207 listings
Similar homes town-wide
137 days
Median time on market
Many similar homes
Active across Johannesburg
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Glenesk is a quiet, centrally located residential suburb in Johannesburg South that offers affordable housing options and convenient access to the city's major industrial hubs and arterial transport routes.
