House for sale
11 Bedroom Investment Property in Goodwood - Going on Auction
High-yield investment lifestyle in Vasco Estate, Goodwood — walking distance to Vrijzee School and Voortrekker Road transport; ten self-contained units with borehole, producing R56,000 monthly (potential R64,500).
Harcourts Certified & Transparent Non-Distressed Auction Platform! Live Modern Auction
Bidding starts at R5 200 000 and goes up!
Auction date: 3 December 2026 unless sold prior!
Pre-auction standard offers are welcome. To stop the auction, you can submit a loan or cash offer at any time before the auction.
The Seller has chosen to use Harcourts Auctions' Non-Distressed Auction Platform for Serious Sellers.
10-Unit Investment Opportunity | R56,000 Monthly Rental Income
An established rental income stream with scope to grow — this versatile property in Vasco Estate, Goodwood, offers nine income-producing bachelor flats, a separate owner’s unit and the added benefit of a borehole.
Situated on a 496 m2 erf at 13 De Villiers Street, the property comprises ten units in total. Each of the nine bachelor flats has its own private kitchen, bathroom and private access to yard space, offering tenants convenient, self-contained living.
The nine flats currently generate R56,000 in gross rental income per month through existing long-term tenancies.
The tenth unit, currently occupied by the owner, offers two bedrooms and two bathrooms, with an estimated rental potential of R8,500 per month. Letting this unit could increase the total gross rental income to R64,500 per month.
ADDED VALUE: BOREHOLE
A borehole provides an alternative water source for the property, adding practical value to this multi-unit investment.
CONVENIENT LOCATION
Within walking distance of Vrijzee School and close to public transport along Voortrekker Road, the property is conveniently positioned for tenants commuting to work, school and surrounding areas.
PROPERTY HIGHLIGHTS
- Nine self-contained bachelor flats, each with a private kitchen and bathroom.
- Separate two-bedroom, two-bathroom owner’s unit.
- Current gross rental income of R56,000 per month.
- Estimated additional rental potential of R8,500 per month from the owner’s unit.
- Total potential gross rental income of R64,500 per month.
- Existing long-term tenancies.
- Borehole providing an alternative water source.
- Walking distance to Vrijzee School.
- Close to public transport along Voortrekker Road.
FLEXIBILITY FOR THE INVESTOR
Live in the owner’s unit while earning income from the nine bachelor flats or rent out all ten units to maximise rental income potential. Student accommodation or short-term letting could also be explored, subject to the necessary approvals and applicable requirements.
Contact me today to register your interest and arrange a viewing.
No Buyer's Premium (no Auctioneer's fee) - seller to pay the commission
- Full Finance Options Available
- Offers Accepted before Auction Day
- All property reports are available on request
- Seller to arrange compliance certificates and rates clearance certificates for the buyer
- Regular open hours to view before the auction
- The seller has a higher Non-Disclosed Expectation Price
- Opening bid: R5 200 000!
Ownership costs
Property history
Listed for sale at R5,200,000
Smart property insights
Limited comparable data
We found only 3 similar-sized active homes in Goodwood — not enough for a fair price comparison.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
