House for sale
Earn rental income while living onsite in peaceful Gaylee, Dennemere — income property with four self-contained units, prepaid meters and established R17,000 monthly revenue.
Exclusive Sole Mandate
A Property Built for Income
Four separate living spaces. Multiple rental income streams. One property.
Situated in Gaylee, Dennemere, this 288sqm property presents an excellent opportunity for investors looking to enter or expand their property portfolio with an income-generating asset.
The property consists of a 2-bedroom main house and three separate 1-bedroom flatlets, each offering its own living accommodation and kitchenette facilities.
The current rental income totals approximately R17,000 per month, providing a strong income-producing foundation for the next owner.
Main House
The main house offers a practical two-bedroom layout with tiled flooring throughout.
The kitchen is fitted with built-in cupboards, a stove and oven, while the main bedroom also features built-in cupboards.
The bathroom is equipped with a shower, basin and toilet.
Three Separate Flatlets
Adding significant value to the property are three 1-bedroom flatlets, each providing additional accommodation and rental potential.
Flatlet 1
Flatlet 2
Flatlet 3
A particularly attractive feature for investors is that each dwelling has its own prepaid electricity meter, allowing electricity usage to be managed separately between the occupants.
The Numbers
The property is currently generating approximately:
Main House: R6,600 pm
Flatlet 1: R3,700 pm
Flatlet 2: R3,300 pm
Flatlet 3: R3,400 pm
Total Rental Income: R17,000 pm
That's approximately R204,000 in gross rental income per year, before property-related expenses, vacancies and maintenance.
At an asking price of R1,250,000, this makes the property particularly appealing to buyers focused on rental income and portfolio growth.
The Opportunity
Whether you're an experienced investor or looking for your first serious income-generating property, the combination of a main residence and three additional rental units offers flexibility, multiple income streams and the potential to build long-term property wealth.
288sqm | 2-Bedroom Main House | 3 x 1-Bedroom Flatlets | 4 Prepaid Electricity Meters | R17,000 Current Monthly Rental Income | R1,250,000 Asking Price
A property where the income is already part of the story.
Contact me today to arrange a viewing.
Listed for sale at R1,250,000
Wide price range across Blue Downs
Prices vary widely across Blue Downs, so a like-for-like comparison isn't reliable for this home.
Market depth
44 similar homes
50 listings across Blue Downs
65 days
Median time on market
Many similar homes
Active across Blue Downs
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Dennemere is a well-established residential community in Blue Downs that offers affordable family living with convenient access to major transport routes and essential local amenities.
