Flexible live-work opportunity in the heart of Prince Alfred Street's business district — generous parking and an outhouse ideal for rental income or studio conversions.
Prime Investment Opportunity on Prince Alfred Street – Spacious 3-Bedroom Property with Business Potential!
Unlock the potential of this unique property, perfectly positioned in the heart of the highly sought-after business district of Prince Alfred Street. Ideal for investors or business owners, this versatile property offers a blend of residential comfort and commercial opportunity, making it a valuable addition to any property portfolio.
Property Highlights:
Additional Income Potential:
The property includes an outhouse with four substantial storage rooms that could be transformed into rental units, workshops, or additional office/storage space, generating extra income for savvy investors.
Location & Investment Appeal:
Located on Prince Alfred Street, this property offers high visibility and accessibility, ideal for conversion to commercial or mixed-use development. It’s the perfect setting for office spaces, consulting rooms, or any business needing a central, convenient location with plenty of parking.
Whether you’re looking to expand your business, start a new venture, or invest in a high-demand area, this property promises flexibility and growth. Don’t miss the opportunity to own a prime piece of Prince Alfred Street real estate with immense potential for commercial or residential redevelopment.
Listed for sale at R3,199,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 83 listings in Pietermaritzburg (town)
Insight
Priced above the median for similar properties in the area. Floor size is 37% larger than typical for similar homes.
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
Key differences
Affordability
R 31,403 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
83 similar listings
High similar-home inventory town-wide (Pietermaritzburg)
Median time on market: 78 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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* Distances and amenities are approximate.