House for sale
Transform community-focused living near Johannesburg in Ekurhuleni, with approved social-housing redevelopment and scope for communal gardens, shared social spaces and up to 688 upgraded residential units.
INVESTMENT PROPERTY OPPORTUNITY
SOCIAL HOUSING REDEVELOPMENT
An established residential property redevelopment opportunity comprising approximately 3.2818 hectares of land, currently improved with four blocks of flats comprising approximately 99 one-bedroom units.
The existing buildings and infrastructure are in a substantially dilapidated condition. The property is currently occupied by persons who are not paying rental, and High Court eviction proceedings are presently underway.
Approved Social Housing Redevelopment
The property has received approval from the Ekurhuleni Metropolitan Municipality for redevelopment as social housing accommodation.
The proposed development provides for the upgrading and redevelopment of the existing accommodation, together with the construction of additional residential units. Once fully developed, the project is anticipated to comprise approximately 688 residential units, subject to the applicable approvals, development conditions and final implementation plans.
The development falls within the Gauteng Provincial Restructuring Zone and is aligned with the broader government social-housing programme, targeting households with monthly incomes of approximately R3,500 to R15,000.
Key Investment Highlights
·Land size: Approximately 3.2818 hectares
·Existing accommodation: 99 one-bedroom units
·Proposed final development: Approximately 688 residential units
·|Development type: Social housing accommodation
·Municipal approval: Ekurhuleni Metropolitan Municipality redevelopment approval
·Strategic location: Within the Gauteng Provincial Restructuring Zone
·Target market: Households earning approximately R3,500–R15,000 per month
·|Current condition: Existing buildings and infrastructure require substantial redevelopment |
·Legal status: High Court eviction proceedings currently underway
Investment Proposition
The property presents an opportunity to acquire and reposition a distressed residential asset through a substantial social-housing redevelopment programme.
The proposed redevelopment has the potential to transform the existing 99-unit property into a large-scale affordable housing development of approximately 688 units, subject to the relevant approvals, conditions, funding arrangements and successful implementation of the development programme.
The opportunity may be of interest to social-housing developers, property investors, impact investors, institutional investors and development partners with the expertise and capacity to undertake a substantial residential redevelopment project.
Due Diligence & Supporting Documentation
Further information will be made available to suitably qualified and interested parties as the transaction progresses. This may include, subject to availability and appropriate confidentiality arrangements:
* Municipal approvals and correspondence
* Approved development plans and site information
* Property and title documentation
* Development and planning information
* Social-housing programme documentation
* Details regarding the proposed redevelopment
* Current occupancy and legal information
* Status of the High Court eviction proceedings
* Relevant financial and feasibility information
Interested parties will be expected to undertake their own legal, technical, planning, financial and commercial due diligence before proceeding with any transaction.
Further details will be released to suitably qualified and interested investors at the appropriate stage of the process.
Listed for sale at R18,000,000
How does this home’s price compare with similar properties?
Insight
Priced 1795% above the local median - and above the typical range across Tembisa.
Compared with 21 active listings across Tembisa.
Buyers should compare condition, position, views, finishes and floor size 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.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Tembisa Central is a vibrant and bustling residential hub that offers convenient access to essential services, major transport routes, and a strong sense of community for its residents.
