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Steady income opportunity in Central Newcastle, minutes from hospitals, shops and schools — six self-contained flats on a 1,467 m² site, ideal for investors.
Unlock the potential of this prime investment property, perfectly positioned in Central Newcastle. Offering six income-generating flats on one property, this is an ideal addition to any investor’s portfolio.
The units include three spacious 2-bedroom flats, two bachelor units, and one large 3-bedroom flat, collectively offering a potential rental income of approximately R20 000 per month. With a location just minutes away from both the provincial and private hospitals, as well as shops, schools, and other key amenities, high tenant demand is assured.
Whether you’re expanding your property portfolio or stepping into the world of rental investments, this well-situated property offers both stability and growth potential. With a little TLC this can become a prestige property.
Price includes commission.
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* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R2,354,000
Price reduced by 9.1% to R2,140,000
Price reduced by 4.2% to R2,050,000
Price reduced by 2.4% to R2,000,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 21 listings in Newcastle (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Market depth
21 similar listings
Medium similar-home inventory town-wide (Newcastle)
Median time on market: 245 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
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Newcastle Central serves as the bustling commercial and administrative heart of the city, offering residents convenient access to essential services, established schools, and a vibrant urban lifestyle.
* Distances and amenities are approximate.
