House for sale
Reliable cash-flow investment in a busy rental corridor, steps from transport and shops; four buildings on tied stands with 34 tenanted rooms and prepaid electricity meters.
A rare high-yield investment opportunity offering 34 tenanted rooms across 4 separate buildings situated on 4 notarially tied stands measuring 1,980m2 in total (495m2 x 4) with ±1,800m2 of total building size.
Currently generating approximately R54,000 per month in rental income, this well-located property is ideal for an investor seeking immediate cash flow with excellent value-add potential. The property is fully occupied on a sub-let basis, close to public transport and shops, making it highly desirable for tenants.
Perfectly suited for rental income, student accommodation, staff housing, or a value-add redevelopment project.
This is a solid, income-producing asset in a high-demand rental area - not a new build, not derelict - just an honest, functioning investment ready for a savvy buyer to take over and optimize.
Financial Overview:
- Monthly Rental Income: ± R54,000 (34 rooms)
- Rates (Excl. water & lights): ± R4,000 per month
- Electricity: Pay-as-you-go meters installed for all rooms (landlord only pays for common areas)
- Council Services: All paid up to date
- Key Features:
- 4 Stands - Notarially Tied (1,980m2 total)
- 1,800m2 Total Building Size
- 34 Rooms
- 4 Independent Buildings housing 34 rooms
- Strong Monthly Gross Income of approx R54,000
- Prepaid Electricity Meters for all rooms - reduced landlord risk
- Low Holding Cost - Rates only ± R4,000 (excl. water & lights)
- Municipal Accounts Up To Date
- Close to Transport & Shops - high rental demand
- Secure: Fully walled with gated entrance
- Concrete Paved Courtyards and walkways between buildings
Versatile Use: Rental Income | Student Accommodation | Staff Housing | Value-Add Redevelopment
Listed for sale at R2,100,000
Limited comparable data
We found only 2 similar-sized active homes in Johannesburg — not enough for a fair price comparison.
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.