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Income-focused living with convenient Fourways access, minutes from Fourways Mall and schools. Spacious private gardens across six simplex units on a dual-access 8,560m² stand.
MULTI-UNIT INVESTMENT OPPORTUNITY IN CHARTWELL
Asking Price: R5 800 000
An exceptional income-generating property situated in the highly sought-after Chartwell area near Fourways, offering immediate rental returns together with future development potential.
Set on a massive 8 560m2 stand, this property consists of 6 well-maintained simplex rental units currently generating a combined rental income of R50 900 per month. The property offers strong tenant appeal due to its spacious layouts, private gardens, and excellent location close to major amenities.
The stand uniquely straddles two roads, creating dual-access potential a significant advantage for investors or developers considering future expansion or additional units with reduced internal roadway requirements.
LOCATION HIGHLIGHTS:
- Minutes from Fourways Mall
- Close to Fourways Life Hospital
- Near Broadacres Super Spar
- Easy access to Lanseria International Airport
- Close to top government and private schools
- Positioned in a high-demand rental node
PROPERTY FEATURES:
- 6 Income-producing simplex units
- Pre-paid electricity installed in all units
- Tenant-paid water
- Low monthly operating costs
- Spacious private gardens for each unit
- Covered patios throughout
- Excellent long-term rental potential
UNIT BREAKDOWN:
Unit A – 112m2 | Rental: R9 500
- 3 Bedrooms
- 2 Bathrooms (main en-suite)
- Granite kitchen
- Large covered patio
- Approx. 350m2 private garden
Unit B – 72m2 | Rental: R8 900
- 2 Bedrooms
- 1 Bathroom
- Large kitchen
- Covered patio
- Approx. 300m2 private garden
Unit 1 – 80m2 | Rental: R8 000
- 3 Bedrooms
- 1 Bathroom
- Covered patio
- Approx. 250m2 private garden
Units 2 & 3 – 72m2 each | Rental: R7 800 each
- 2 Bedrooms
- 1 Bathroom
- Covered patios
- Approx. 250m2 private gardens
Unit 4 – 72m2 | Rental: R8 900
- 2 Bedrooms
- 1 Bathroom
- Covered patio
- Approx. 250m2 private garden
MONTHLY FIGURES:
- Gross Rental Income: R50 900 per month
- Rates & Taxes: R2 200 per month
- Armed Response: R610 per month
Ideal for:
- Buy-to-let investors
- Multi-family rental portfolios
- Developers seeking future expansion opportunities
- Investors looking for stable monthly cash flow with value-add potential
This is a rare opportunity to secure a large multi-unit residential investment in one of Johannesburg North’s most desirable growth areas.
Listed for sale at R5,800,000
How this home compares with 234 active listings in Sandton.
Insight
Priced 224% above the local median — and above the typical range for Sandton.
The premium partly reflects the larger floor size; buyers should still compare condition, position, views and finishes before deciding. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages — check with the agent for local guidance.
Similar properties pricing
Key differences
Good value · based on 198 listings
Large at a premium · based on 198 listings
Market depth
234 listings
Similar homes town-wide
120 days
Median time on market
Many similar homes
Active across Sandton
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
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Fourways is a vibrant and bustling residential hub in northern Johannesburg, offering a perfect blend of modern convenience, extensive retail options, and diverse lifestyle amenities for families and professionals alike.
* Distances and amenities are approximate.
