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Reliable cashflow in a low-maintenance village-style complex close to shops and transport, featuring a communal pool and solar geysers — 16 self-contained one-bedroom cottages.
Income-Generating Property – 16 One-Bedroom Cottages
This well-positioned investment property comprises 16 self-contained one-bedroom cottages, each offering an open-plan lounge and kitchen layout designed for comfortable living.
Each unit generates a rental of R6,500 per month, producing a total monthly income of R84,000 when fully let. The property offers parking for tenants and includes a swimming pool (currently not operational).
Additional value-added features include:
·Borehole installed (not yet activated)
·300L solar-powered geyser, contributing to reduced utility costs
·Financial statements, lease agreements, and building plans available for due diligence
This property presents a solid buy-to-let opportunity with consistent rental income and future potential for further enhancement.
📞 Contact us for more information or to arrange a viewing.
Listed for sale at R4,500,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 220 listings in Johannesburg (town)
Insight
Priced above the median for similar properties in the area. On a price-per-m² basis, it is 80% above the median.
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 44,174 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
220 similar listings
High similar-home inventory town-wide (Johannesburg)
Median time on market: 170 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
Lombardy is a modern, upscale residential area known for its secure estates, landscaped gardens, and proximity to amenities, offering a tranquil and convenient lifestyle for families and professionals.
* Distances and amenities are approximate.
