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High-return urban rental block in Upper Umbilo, close to amenities and transport, six spacious 77sqm two-bedroom flats with conversion potential and room to add parking.
INVESTMENT OPPORTUNITY!!! : Spacious Block of Flats for Sale in Upper Umbilo.
Presenting a unique investment opportunity: a block of six large two-bedroom flats, each spanning 77sqm. Located in a established area, this building offers significant potential for value enhancement.
Key Features:
·Size: each flat is 77sqm, offering spacious living areas..
·Flexibility: Potential to convert each unit into a three-bedroom apartment.
·Condition: The building does require refurbishment, allowing for customization and modernization.
·Parking: No existing parking at present, but ample space for future parking solutions.
·Location: situated in a lower to middle income neighbourhood, ideal for Student accommodation, normal rentals or future resale.
This block of flats is perfect for investors looking to add value and maximise returns. Don`t miss out on this prime opportunity! Whatsapp or call me today.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R2,850,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 81 listings in Durban (town)
Insight
Priced slightly above the median for similar properties.
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
Market depth
81 similar listings
High similar-home inventory town-wide (Durban)
Median time on market: 110 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
Umbilo is a well-established, centrally located suburb offering a mix of residential and commercial properties, appealing to families and professionals seeking convenience and accessibility in Durban.
* Distances and amenities are approximate.
