House for sale
Hands-off investment lifestyle in vibrant Sophiatown, minutes from UJ and colleges — fully off-grid seven-unit property with prepaid solar, gated electric fencing and reliable rental income.
7 units. 1 gate. 0 Eskom bills. A yield that will make your bond originator sit up straight. Take yourself completely off the grid !
Welcome to the address in Sophiatown...., a fully tenanted, fully off grid, 7 unit multi let property behind electric fencing and a gate, on a 571m2 stand in Sophiatown.
The Numbers
R30,000/month gross rental income, already flowing in
18.15% gross yield
13.83% net yield, after gardening, maintenance, water and rates
100% off grid solar, individually prepaid per unit
Why Sophiatown, Why Now
Sophiatown is having a renaissance. It sits near the University of Johannesburg, where roughly 19,000 students are looking for beds that do not yet exist in sufficient numbers. A 4,300 bed institutional development is already under construction down the road. Demand is a headcount, not a hope.
What You Are Actually Buying
7 self contained units (a mix of one and two bedroom, fully let)
Electric fencing and remote gate
Two solar powered geysers
A resident handyman two doors down who already knows the property
Flexibility to keep the GoSolr rental, buy out the system, or tweak the rent roll
The Fine Print
Priced at R1,983,000, this listing sits above some comparable listings on a price per unit basis, due to the pool, off grid power and security. Buyers should independently verify the municipal account and GoSolr transferability before making an offer.
This is income producing real estate that is already doing the job. The only question is whether it is doing it for you or for someone else.
Enquire now.
Prepared by Althea Maber, eXp Realty South Africa and AI :)
8 mins to UJ
12 mins to WITS law school
5 mins to Rahima Moosa hospital
4 mins to Sparrow FET College
and other amazing schools close by
Listed for sale at R1,983,000
Wide price range across Johannesburg
Prices vary widely across Johannesburg, so a like-for-like comparison isn't reliable for this home.
Within the typical range for Johannesburg (R1.4M–R2.9M).
Market depth
156 similar homes
161 listings across Johannesburg
83 days
Median time on market
Many similar homes
Active across Johannesburg
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Sophiatown is a historically significant suburb in Johannesburg that offers residents a unique blend of rich cultural heritage and convenient access to the urban amenities of the inner city.
