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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.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,450,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 84 listings in Pietermaritzburg (town)
Insight
Priced close to the median for similar properties.
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
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.
