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Income-focused living in the heart of Fernwood, steps from schools and transport. Two self-contained 3-bedroom units with prepaid meters and current tenants — immediate rental income.
Property Description:
Located in the heart of Fernwood, this spacious 6-bedroom property offers a fantastic investment opportunity with excellent rental income potential. The property is divided into two separate units, each designed for comfortable living.
The main house features 3 bedrooms, a fully fitted kitchen, and a bathroom, while the additional unit offers another 3 bedrooms, its own kitchen, and bathroom — ideal for dual living or generating steady rental returns.
Both units are equipped with prepaid electricity meters, ensuring easy management of utilities. The property currently has reliable tenants in place, providing immediate rental income for investors.
With ample space for further development and improvement, this property presents an ideal opportunity for those looking to expand or modernize in a sought-after area. Conveniently situated close to major amenities, schools, and transport routes, it’s an opportunity not to be missed!
Listed for sale at R900,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 22 listings in Newcastle (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Affordability
R 8,835 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
22 similar listings
Medium similar-home inventory town-wide (Newcastle)
Median time on market: 232 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
Fernwood is a peaceful residential area offering a suburban lifestyle with convenient access to essential amenities and the broader Newcastle area.
* Distances and amenities are approximate.
