House for sale
Property with 1-bedroom main unit and 8 flatlets, generating R18,000 monthly income. Total: 9 bedrooms, 5 bathrooms.
Investment Property For Sale 1 Bedroom with 8 Flatlets in Wallacedene, Kraaifontein
Great income-generating opportunity! This property features a 1-bedroom main unit with tiled floors, ceiling, built-in cupboards, and a toilet.
Included are 8 spacious flatlets, each in very good condition with their own showers and toilets. All units are tenanted, generating a monthly Net Operating Income of R18,000.
Property Features:
1-bedroom main unit
8 flatlets, all tenanted
Each flat with own bathroom
Geyser and 24/7 CCTV cameras
Secure yard with closed gates
Paved yard with parking for 2 vehicles
Close to:
Kraaifontein Mall
Cape Gate Mall
Police Station
Primary and High Schools
Perfect for investors looking for immediate returns. Preferably cash buyers only.
Listed for sale at R900,000
Price reduced by 2.3% to R879,000
Compared with 54 active listings in Kraaifontein.
Insight
Priced 48% below the local median — and below the typical range for Kraaifontein.
It's priced below similar homes despite a comparable floor size, which may reflect condition, position or finishes. 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
54 listings
Similar homes town-wide
117 days
Median time on market
Many similar homes
Active across Kraaifontein
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Wallacedene is a vibrant, developing residential community in Kraaifontein that offers affordable housing options with convenient access to major transport routes and essential local services.
