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Earn reliable rental income in vibrant Observatory, Johannesburg — multi-dwelling estate with huge communal yard and prepaid meters, ideal for investors seeking high-yield refurbishment opportunities.
Investment Property – Observatory, Johannesburg
This estate property at 17 Urania Street offers multiple dwellings, making it a lucrative investment for buy-to-let or redevelopment.Key Highlights• Multi-house setup ideal for generating rental income• Executor sale – motivated sellers Each Unit having its own Pre-Paid electricity MetersHuge communal yard for your tranquility.Each Unit having rental potential of R6000-00 pm income. Why Invest Here?Observatory is a well-established suburb with strong rental demand. With refurbishment, this property can deliver excellent returns for investors.
Contact agent to arrange an exclusive viewing appointment. Pre-Qualification a must!
Listed for sale at R1,720,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 217 listings in Johannesburg (town)
Insight
Priced below the median for similar properties in the area. On a price-per-m² basis, it is 34% above the median. Floor size is 49% smaller than typical for similar homes.
Similar properties pricing
Key differences
Affordability
R 16,884 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
217 similar listings
High similar-home inventory town-wide (Johannesburg)
Median time on market: 171 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
Observatory is a vibrant and historic suburb offering a mix of residential charm, academic institutions, and convenient access to Johannesburg's city center, making it appealing to students, young professionals, and families alike.
* Distances and amenities are approximate.
