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House for sale
Hands-off income opportunity in Prestbury, steps from Mayor’s Walk and botanical gardens. Multi-unit, fully leased property with independent flats — four bedrooms, three bathrooms and four parking bays.
Situated in the charming suburb of Prestbury, just a short stroll from Mayor’s Walk and the botanical gardens, this property presents outstanding income-generating opportunities.
The residence has been thoughtfully designed with multiple independent living spaces, featuring a main house divided into three units—comprising one 2-bedroom flat and two 1-bedroom flats—alongside additional bachelor and self-contained units. Each living space includes its own kitchen and bathroom, making it attractive to a diverse range of tenants.
Currently fully leased, this property is a perfect investment, offering immediate rental income. It’s an excellent option for investors aiming to enhance their portfolio in a prime location.
Listed for sale at R1,450,000
How this home compares with 77 active listings in Pietermaritzburg.
Insight
Priced 9% 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.
