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Investment property in Merebank: 3 bedrooms, 2 bathrooms, 485 m² land, generating R6,500 monthly rental income.
Investment Opportunity in Merebank – Income Generating Property!
This low-maintenance facebrick home in the heart of Merebank is the perfect investment or ideal for extended family living with the added benefit of earning while you stay. Boasting two separate entrances for ease of access and parking, the property is currently tenanted and generating a combined rental income of *R6,500 per month*.
*Main House:*
* 3 spacious bedrooms with built-in cupboards
* 2 bathrooms for added convenience
* Generous lounge and dining area
* Fully fitted kitchen
*Granny Cottage 1:*
* 1 bedroom
* Lounge and kitchen
* Private bathroom
*Granny Cottage 2:*
* 1 bedroom
* Lounge and kitchen
* Private bathroom
Both cottages are private and ideal for rental or extended family use. The property also features *prepaid electricity meters*, keeping utility costs easy to manage.
Situated close to all amenities including schools, shops, places of worship, and public transport routes.
A must-see for savvy investors or large families looking to grow their future.
Listed for sale at R1,800,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 113 listings in Durban (town)
Insight
Priced above the median for similar properties in the area.
Benchmark uses town-level data where suburb sample size is limited. Premium areas may trade above town averages - check with the agent for local guidance.
Similar properties pricing
Affordability
R 17,670 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
113 similar listings
High similar-home inventory town-wide (Durban)
Median time on market: 88 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
Merewent is a well-established residential suburb offering a mix of housing options and convenient access to amenities, making it a desirable location for families and individuals seeking a community-oriented lifestyle.
* Distances and amenities are approximate.
