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Income-focused living in Penina Park, close to amenities and main routes. Spacious 1040sqm stand with generous yard for extensions — twelve rooms currently yielding ~R20,000/month.
An exceptional investment opportunity awaits in the sought-after suburb of Penina Park.
Set on a spacious 1040sqm stand, this versatile property combines solid rental income potential with a layout that offers flexibility for further development or conversion.
The property currently comprises approximately 12 individual rooms, each tenanted and generating a consistent monthly income of around R20,000. This setup makes it ideal for the discerning investor seeking a steady return or a buyer looking to expand into the affordable housing or multi-let market.
With its prime location, easy access to main routes, and proximity to local amenities, the property appeals to a wide tenant base — ensuring low vacancy rates and sustainable demand.
Additional features include ample yard space for future extensions, secure parking, and existing services to accommodate multiple occupants.
Whether you’re looking to diversify your portfolio or enter the rental investment market, this property offers the best of both worlds — immediate income and long-term growth potential.
Make that call today and secure this income-generating asset!
Listed for sale at R2,295,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 359 listings in Polokwane (town)
Insight
Priced close to the median for similar properties. On a price-per-m² basis, it is 49% below the median. Floor size is 48% larger than typical for similar homes.
Similar properties pricing
Key differences
Affordability
R 22,529 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
359 similar listings
High similar-home inventory town-wide (Polokwane)
Median time on market: 184 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
Penina Park offers a peaceful residential environment with convenient access to essential amenities and the broader Polokwane area, making it ideal for families and individuals seeking a balanced lifestyle.
* Distances and amenities are approximate.
