House for sale at 95 Hope Street
Live or invest in central George with instant rental income and flexible redevelopment potential along a major transport corridor — tenants in place and scope for up to 18 apartment units.
This lucrative property in George, presents a rare investment opportunity in one of the area's most established and sought-after business corridors.
Positioned on a main public transport route and surrounded by commercial properties, it offers exceptional flexibility for residential development, business use, or a combination of both.
The property currently consists of a 2-bedroom house with office space and a bachelor flat with tenants in place, generating an estimated rental income of R25,000 to R28,000 per month.
For investors, this provides immediate income while future development plans are explored.What makes this property particularly attractive is its development potential.
An independent developer has indicated that up to 18 apartment units of approximately 58m2 each could potentially be built on the site, with ground-floor basement parking. The property may also be subdivided into two separate plots, creating further opportunities for residential development.
Business rights can be applied for through the municipality, adding another layer of value to an already versatile property. This is more than just a residential property—it's a strategic investment with multiple income and growth opportunities in a prime George location.
Listed for sale at R4,000,000
Price increased by 7.4% to R4,298,000
Too few homes for a price verdict
Only 6 similar homes are listed in George South right now — too small a sample to fairly benchmark this asking price against.
How does this home’s price compare with similar properties?
Price comparison based on 6 similar-sized homes (wider size range).
Market depth
6 listings
Similar homes in George South
Low inventory
Active in George South
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
George South is a well-established, family-friendly residential suburb known for its central location, quiet streets, and convenient access to the city's essential services and beautiful natural surroundings.
