Family-focused living in a quiet neighbourhood near top schools and Spar — versatile layout with a pool needing TLC and a separate 1-bedroom granny flat for income.
This cherished 4-bedroom, 2-bathroom home is ideally situated in a quiet, family-oriented area, conveniently close to reputable schools and a Spar shopping centre.
Designed with comfortable living in mind, the home offers a generous dining room, a welcoming lounge, and a cosy reading nook—perfect for relaxed family living. The property also features a swimming pool that requires some TLC, presenting an opportunity to restore it into a beautiful outdoor entertainment space.
Adding significant value is a separate granny flat, comprising 1 bedroom, bathroom, a lounge, and a kitchen space ready for completion—ideal for extended family or rental income. See picture for reference on potential kitchen look.
The property further includes two additional outside rooms (incomplete), offering excellent potential to be converted into a home office, studio, or additional rental units.
Parking is well catered for with both open and covered parking options.
Investment Highlights:
Strong rental potential with multiple income streams
Estimated rental income ± R15,000 per month
Based on a ± R14,000 bond, this presents an attractive yield opportunity at 12.5%
Recently replaced roof (± 4 years ago), offering peace of mind and long-term durability
This property is perfect for buyers looking to invest, renovate, and maximise returns, or for extended families seeking versatile living spaces.
A rare opportunity to secure a property with both character and income potential.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,450,000
Price reduced by 13.9% to R1,249,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 84 listings in Pietermaritzburg (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Market depth
84 similar listings
High similar-home inventory town-wide (Pietermaritzburg)
Median time on market: 84 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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Prestbury is a peaceful and established residential suburb offering a mix of housing options, convenient access to amenities, and a family-friendly atmosphere.
* Distances and amenities are approximate.