House for sale
Passive income opportunity in a well-connected location near schools, shops and public transport — flat 1,100m² with ample yard for extra rental units; three bedrooms, one bathroom.
This flat and spacious property measuring just over 1,100sqm offers an outstanding investment opportunity for savvy buyers looking to expand their rental portfolio.
Currently utilized as room rentals, the property generates approximately R10,000 per month in rental income, providing an immediate return on investment. With ample yard space still available, there is excellent potential to develop additional rental units and further increase income potential.
While the property does require some TLC and modernization, the right vision and upgrades could transform it into a highly profitable income-generating asset.
Ideally situated on a main road and conveniently located close to schools, shopping centres, public transport, and other essential amenities, this property enjoys strong tenant appeal and excellent accessibility.
Property Highlights:
Flat land measuring just over 1,100sqm
Currently generating approximately R10,000 rental income per month
Existing room rental setup
Ample space for additional rental units or future development
Main road frontage
Close to schools, shops, and public transport
Excellent investment and income-generating opportunity
Great value-add potential with some TLC
Don't miss this opportunity to secure a property with existing income and significant future growth potential. all offers will be considered
Listed for sale at R999,000
Wide price range across Durban
Prices vary widely across Durban, so a like-for-like comparison isn't reliable for this home.
Below the typical range for Durban.
Market depth
172 similar homes
181 listings across Durban
31 days
Median time on market
Many similar homes
Active across Durban
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Mount Vernon is a peaceful, well-established residential suburb in Durban that offers residents a convenient lifestyle with easy access to major transport routes and essential local amenities.
