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Profitable communal living near shops, schools and transport — versatile Zone 4d business zoning, ten ensuite bedrooms ideal for tenants or BnB conversion, ensuring steady rental income.
This exceptional 10-bedroom property is a prime investment opportunity, strategically located near all essential amenities. Each bedroom is designed for comfort and convenience, featuring a TV, bar fridge, Wi-Fi connectivity, and a private en-suite bathroom. The property is currently leased to professional individuals, ensuring a steady income stream.
For communal living, the property offers two fully equipped kitchens, each boasting built-in cupboards, a hob, an under-counter oven, and a scullery. Entertaining is a breeze with a built-in braai area, perfect for social gatherings.
What sets this property apart is its business zoning (Zone 4d), offering flexible usage options. In addition to the long-term tenants, two rooms are currently operating as a BnB, generating consistent monthly revenue. With its modern design and strategic location, this property also holds immense potential for conversion into student accommodation, making it a versatile and lucrative investment.
Listed for sale at R10,500,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 25 listings in Kimberley (town)
Insight
Priced above the median for similar properties in the area.
Benchmark uses town-level data where suburb sample size is limited. Premium areas may trade above town averages - check with the agent for local guidance.
Similar properties pricing
Affordability
R 103,073 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
25 similar listings
Medium similar-home inventory town-wide (Kimberley)
Median time on market: 236 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
New Park is a well-established residential area in Kimberley, offering a mix of housing options and convenient access to essential amenities, making it a desirable location for families and individuals alike.
* Distances and amenities are approximate.
