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House for sale
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.
Listed for sale at R1,450,000
Price reduced by 13.9% to R1,249,000
How this home compares with 77 active listings in Pietermaritzburg.
Insight
Priced 22% below 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
77 listings
Similar homes town-wide
112 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.
Prestbury is a tranquil, leafy residential suburb in Pietermaritzburg that offers a peaceful suburban lifestyle with convenient access to the city's major amenities and the scenic beauty of the nearby botanical gardens.
* Distances and amenities are approximate.
