House for sale
Live or invest in Thornton, moments from schools, shops and transport; dual dwellings and a large vacant corner erf deliver immediate rental income with strong expansion upside.
Asking Price: R4 200 000
Positioned in one of Thornton’s most sought-after pockets, this corner property offers an exceptional income-generating opportunity with immediate returns and substantial upside potential.
The property currently offers two separate dwellings, creating an immediate dual-income opportunity and strong cash flow from day one. The main home is a beautifully renovated three-bedroom residence featuring a modern open-plan kitchen with quality finishes, a spacious lounge, wooden flooring, new built-in cupboards, and a neat centrally located bathroom. Aluminium windows, a tiled roof, secure parking, and an electric perimeter fence add low-maintenance appeal and enhanced tenant security, while the recent renovations reduce upfront capital expenditure for investors.
Set on a large erf, approximately half of the land remains vacant, presenting a prime value-add opportunity. With municipal approval, two additional rental units could be developed on the second portion of the plot, significantly increasing gross monthly income, strengthening overall rental yield relative to the purchase price, and enhancing long-term capital growth and cash-on-cash returns.
Situated on a corner plot with potential for subdivision or sectional title conversion (subject to approval), the property is positioned in a well-established, high-demand rental area. The combination of existing income, reduced maintenance risk, strong tenant appeal, and secured expansion potential makes this a financially sound and scalable investment opportunity.
This configuration positions the property as a multi-unit investment asset rather than a single residential home, significantly improving its attractiveness to serious investors.With Thornton’s consistent rental demand and its proximity to schools, shopping centres, and major transport routes, this property is strategically positioned for both steady rental income and scalable growth. This is not just a home — it’s a scalable income-producing asset with the framework already in place.
We also assist with pre-assessments and bond application support to streamline your acquisition process.
Asking Price: R4 200 000
Erf size: 684 SQM
Rates and Taxes: TBD
Listed for sale at R4,250,000
Price reduced by 1.2% to R4,200,000
Compared with 169 active listings in Cape Town.
Insight
Priced 48% above the local median — but still inside the typical range for Cape Town.
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
Market depth
169 listings
Similar homes town-wide
132 days
Median time on market
Many similar homes
Active across Cape Town
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Thornton is a quiet, centrally located residential suburb that offers families and professionals a peaceful suburban lifestyle with exceptional connectivity to Cape Town's major business hubs and arterial routes.
