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Live or invest with steady rental income in sought-after Flamingo Vlei, close to shops and schools; versatile eight self-contained units over three levels with secure on-site parking.
Seller will consider offers from R8 695 000!
A unique investment opportunity in the heart of Flamingo Vlei, offering stable long-term returns for investors and occupation options for potential owner-occupiers.
This versatile property comprises eight self-contained units of varying sizes, including the main dwelling on the second floor, all arranged over three levels, with secure on-site parking. The configuration allows for a diverse rental mix — from compact lock-up-and-go apartments to larger living spaces — ensuring broad tenant appeal and consistent occupancy.
Achieving a current gross income of R78 305 per month, with monthly expenses incl. rates of +- R15 000, this property provides a solid return which will increase each year with normal rental escalations and adjustments.
Ideal for:
Situated in a sought-after pocket of Flamingo Vlei, close to shops, schools, and public transport routes, this property represents a rare chance to secure a multi-unit investment in a high-demand residential area.
Listed for sale at R8,695,000
How this home compares with 36 active listings in Blouberg.
Insight
Priced 16% above the local median — but still inside the typical range for Blouberg.
It's larger than typical, which helps explain where it sits in the range. 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
Key differences
Good value · based on 34 listings
Above-average space · based on 34 listings
Market depth
36 listings
Similar homes town-wide
186 days
Median time on market
Medium inventory
Active across Blouberg
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Flamingo Vlei is a tranquil, family-oriented residential suburb that offers residents a unique blend of lakeside living, proximity to iconic beaches, and convenient access to the vibrant amenities of the greater Blouberg area.
* Distances and amenities are approximate.
