House for sale
Secure steady rental income with a turnkey multi-dwelling complex minutes from Eastgate, Bedford Centre and Malvern Spar — four stands with ample parking and 15 income-producing units.
An outstanding opportunity for astute property investors seeking immediate, strong rental yield with long-term capital appreciation.
Situated across 4 consolidated stands, this fully tenanted multi-dwelling complex generates a robust gross monthly income with excellent net returns from day one.
Key Financial Overview
*Gross Monthly Rental Income: R36 600.00
*Estimated Rates & Taxes: R1 300.00 / month
*Property & Accommodation Breakdown
*15 Units in Total: A well-balanced mix of compact individual rooms and larger self-contained cottages, catering to diverse tenant needs and budget levels.
*4 Stand Footprint: Spanning four stands, the layout offers generous space, vehicle parking, and potential for future density optimization or further re-
development.
*High Occupancy Demand: Consistent rental history driven by flexible unit sizes and accessible pricing.
Prime Location & Connectivity
*Conveniently located near major commercial hubs, retail amenities, and commuter routes:
*Shopping & Amenities: Minutes away from Eastgate Shopping Centre, Bedford Centre, and Malvern Spar for convenient daily shopping and dining.
*Transit Access: Direct access to major public transport routes and arterial roads, making daily commutes simple for working tenants.
*A turnkey, cash-flowing asset with a strong yield profile across multiple titles. Ideal for adding directly to a high-performing residential portfolio.
Listed for sale at R2,000,000
How does this home’s price compare with similar properties?
Insight
Priced 18% above the local median - but still inside the typical range in Kensington.
Compared with 12 5+ bed active listings in Kensington.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Kensington is a historic, vibrant suburb in Johannesburg known for its hilly landscape, charming period architecture, and a strong sense of community close to the city center.
