Live and earn on Watermeyer Road’s main strip — expansive 1,888m² property with private pool, large yard and income-producing flats; main house offers four bedrooms, three baths.
Prime Property for Development or Business Use For Sale
This exceptional property presents a rare opportunity for investors, developers, and entrepreneurs looking to expand into residential rentals or establish a commercial venture in a highly visible and well-positioned location on the main road of Watermeyer Road.
Set on a generous 1,888 m2 stand, this property offers ample space for further development, making it ideal for rental units, office space, a guest house, Airbnb accommodation, a spa, or other business opportunities.
The main house offers:
4 spacious bedrooms
3 bathrooms
4 toilets
Fully tiled floors throughout
In addition to the main outside residence, property includes 4 separate rentals units, each currently generating an income of R4,500 per month to R5000. Each unit features independent electricity, as well as its own toilet and shower, making them ideal for steady rental income.
The property also includes an outside flatlet with a thatched roof, offering:
Open-plan lounge and dining area
Kitchen
1 bedroom
Shower and toilet
Additional features include:
Borehole
Swimming pool area
Large yard with excellent development potential
Whether you are looking to grow your investment portfolio, launch a business, or create a spacious home with income-generating potential, this property offers outstanding flexibility, space, and value in a prime location.
Listed for sale at R3,500,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 514 listings in Pretoria (town)
Insight
Priced close to the median for similar properties. On a price-per-m² basis, it is 168% above the median. Floor size is 66% smaller than typical for similar homes.
Similar properties pricing
Key differences
Affordability
R 34,358 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
514 similar listings
High similar-home inventory town-wide (Pretoria)
Median time on market: 92 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
Meyerspark is a well-established, family-friendly suburb in Pretoria East, offering a mix of residential comfort and convenient access to essential amenities.
* Distances and amenities are approximate.