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Generate solid rental income and flexible living in a quiet neighbourhood near shops and transport. Five self-contained flatlets with individual meters on a 754 m² plot ready for redevelopment.
SOLE EXCLUSIVE MANDATE
This property presents a rare opportunity for investors, developers, or renovators seeking a project with strong income potential. Set on a generously sized plot, the property currently comprises five self-contained flatlets, each offering a bedroom, kitchen, and bathroom, and equipped with its own prepaid electricity and water meters—ideal for independent living and simplified utility management.
While the property requires renovation and modernization, it offers exceptional scope to transform into a high-yield rental investment or to reconfigure into two spacious residential homes. The expansive erf further allows for future extensions or redevelopment, making it a versatile option for those with vision.
Whether you're looking to generate rental income, develop multi-unit housing, or create a dual-living residential setup, this property is packed with potential.
Five self-contained flatlets
Five bedrooms, five bathrooms, and five kitchens
Individual prepaid electricity and water meters
Large plot with development potential Opportunity to convert into two houses
Ideal for investors or renovators
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R2,500,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 20 listings in Grabouw (town)
Insight
Priced above the median for similar properties in the area.
Benchmark uses town-level data where suburb sample size is limited. Premium areas may trade above town averages - check with the agent for local guidance.
Similar properties pricing
Affordability
R 24,541 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
20 similar listings
Medium similar-home inventory town-wide (Grabouw)
Median time on market: 96 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Grabouw Central offers a tranquil, community-oriented lifestyle surrounded by stunning natural beauty and a growing commercial sector, making it an attractive place to settle down.
* Distances and amenities are approximate.
