House for sale
Enjoy low-maintenance income living in Flamingo Vlei, steps from shops, schools and transport. Eight self-contained units with secure on-site parking and flexible owner-occupier options.
Seller will consider offers from R8 495 000!
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 R83 000 per month, with monthly expenses incl. rates of between +- R15 000 - R20 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
Price reduced by 2.3% to R8,495,000
Wide price range across Blouberg
Prices vary widely across Blouberg, so a like-for-like comparison isn't reliable for this home.
Market depth
9 listings
Similar homes town-wide
Low inventory
Active across Blouberg
MyProperty 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 known for its proximity to the Rietvlei Nature Reserve and stunning views of Table Mountain, offering a peaceful lifestyle with convenient access to the vibrant Blouberg coastline.
