House for sale
Secure hands-off income in walking-distance CBD location — massive 1,197m² plot with borehole, ten-bed rental hub and rezoning potential for expansion.
Set yourself up for financial freedom with this exceptional property! Originally a spacious 3-bedroom home featuring an ensuite, double garage, lounge, kitchen, and TV room, it has been expertly transformed into a 10-bedroom income-generating powerhouse.
Rental Income: Currently bringing in R25,000 per month
Rezoning in Progress: From Residential 1 to Residential 2 – unlocking even more potential
Location: Walking distance to the CBD, close to major roads for easy access
Extras: Borehole already in place
Stand Size: Massive plot with room for further development
This property is a true money spinner, waiting for the right owner to maximize its potential. Whether you’re looking to expand your rental portfolio or step into the world of property investment, this is your chance to secure a high-return asset in a prime location.
Listed for sale at R2,600,000
How does this home’s price compare with similar properties?
Price comparison based on 6 similar-sized 5+ bed homes.
Insight
Priced 15% below the local median - at the lower edge of the typical range across Polokwane.
Compared with 6 similar active listings across Polokwane.
The lower price may partly reflect the smaller floor size. 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.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Penina Park is a quiet and established residential suburb in Polokwane offering peaceful suburban living with convenient access to schools, shopping centers, and major transport routes.
