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House for sale
Secure reliable rental income in established Chasedene, Pietermaritzburg — expansive 4,340m2 erf with six independent dwellings (8 beds, 6 baths) and versatile outdoor space.
Positioned in the established suburb of Chasedene, Pietermaritzburg, this residential investment property presents an excellent opportunity for investors seeking immediate rental income and long-term growth potential.
Set on a substantial 4,340m2 erf, the property comprises a main house together with multiple additional residential units, creating a versatile income-generating asset in a sought-after location.
Property Overview
The Home
This unique property consists of a main residence accompanied by several additional residential units located across the erf. In total, the property offers 8 bedrooms and 6 bathrooms, making it well suited to investors looking to expand their rental portfolio.
The generous land size provides ample space between dwellings while allowing for flexible residential use. The layout has been configured to accommodate multiple households independently, creating strong income-producing potential.
Features and Inclusions
Location and Lifestyle
Chasedene remains one of Pietermaritzburg's established residential suburbs, offering convenient access to schools, shopping centres, medical facilities and major transport routes.
Its central location makes it attractive to tenants seeking accessibility and convenience, supporting ongoing rental demand in the area.
Why This Property Works
Properties offering multiple income-producing units on a single erf are increasingly difficult to find. With six separate dwellings already established on the property, investors have the opportunity to acquire a sizeable residential asset with strong rental potential and future growth prospects.
The combination of a large erf, multiple residences and an established residential location makes this a compelling addition to any property portfolio.
Viewing and Next Steps
If you are looking for a residential investment property in Pietermaritzburg with multiple income-generating units, this Chasedene opportunity deserves your consideration.
Contact Matthew from R&R Real Estate today to arrange a private viewing and obtain further information.
Listed for sale at R4,200,000
Compared with 52 active listings in Pietermaritzburg.
Insight
Priced 40% above the local median — but still inside the typical range for Pietermaritzburg.
Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages — check with the agent for local guidance.
Similar properties pricing
Market depth
52 listings
Similar homes town-wide
115 days
Median time on market
Many similar homes
Active across Pietermaritzburg
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Chasedene is a tranquil, leafy residential suburb in Pietermaritzburg that offers residents a peaceful suburban lifestyle with convenient access to the city's major schools and commercial hubs.
