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Live and earn in a well-connected, tree-lined neighbourhood—create immediate equity with a four-bedroom home, income 2-bed flatlet and vacant adjacent land for rentals.
Attention all investors and DIY enthusiasts!
This property presents a fantastic opportunity to create immediate equity. While it requires some renovation, it includes a 2-bedroom flatlet that generates income, as well as adjacent vacant land ideal for developing additional rental units.
The main house features a spacious lounge with a functional fireplace, a dining room, a kitchen, and 2 bedrooms with built-in cupboards. The income-generating flatlet offers 2 bedrooms, a bathroom, and a kitchen area. Set on a generous 990 square meter plot, the property is divided by palisade fencing, allowing for the development of rental units separate from the main residence.
Don’t miss out! Contact me today to arrange a private viewing.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,180,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 52 listings in Newcastle (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Market depth
52 similar listings
High similar-home inventory town-wide (Newcastle)
Median time on market: 109 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
Lennoxton is a well-established, centrally located residential suburb in Newcastle that offers residents convenient access to essential urban amenities, schools, and major transport routes.
* Distances and amenities are approximate.
