Positioned in a highly desirable and tranquil cul-de-sac within Hayfields, this exceptional income-generating investment property offers a rare blend of location, land size, lifestyle amenities, and strong rental returns. Ideally located just 2 minutes (±400 metres) from the Pick n Pay Hayfields Centre and Mills Spa, the property also enjoys seamless access to public transport routes, reputable schools such as Hayfields Primary and Kids Palace Pre-School, major arterial roads, and the N3 highway. Scottsville Mall, the CBD, and University of KwaZulu-Natal are all within a short 5-minute drive, further enhancing its rental appeal and long-term value.
Set on an expansive 2,188m2 erf, the property is already optimised for income generation and is currently fully tenanted by eight professional occupants, producing a stable monthly rental income of R27,600, equating to over R330,000 per annum. The existing configuration comprises two self-contained flatlets and a large main house, offering flexibility for continued multi-letting, student accommodation, or future redevelopment. Importantly, the generous land size presents significant further development potential, allowing an investor to expand, add additional units, or reconfigure the property to substantially increase yield.
Beyond its income potential, the property offers lifestyle-enhancing features seldom found in investment assets of this nature. These include a swimming pool, an entertainment lapa with built-in braai, mature landscaping, a pick-a-nut tree, and a lush, green backyard that creates a sense of peace, privacy, and natural serenity—an attractive proposition for long-term tenants. Prepaid electricity ensures cost control, while the quiet inner-Hayfields setting provides a secure and comfortable living environment that consistently attracts quality occupants.
This is a strategic investment opportunity in a well-established suburban node, combining immediate cash flow, development upside, and strong demand fundamentals. Whether you are a seasoned investor or a buyer seeking a scalable income property in a prime Pietermaritzburg location, this offering delivers on all fronts.
Key Property Highlights
·Prime Hayfields location in a quiet cul-de-sac
·±400 metres to Pick n Pay Hayfields & Mills Spa
·Close proximity to schools, public transport, major roads & highway
·5 minutes’ drive to Scottsville Mall, UKZN & CBD
·Large 2,188m2 land size with redevelopment and expansion potential
·Fully tenanted multi-let investment property
·Current rental income: R27,600 per month (±R330,000 per annum)
·Prepaid electricity for efficient cost management
·Swimming pool
·Lapa with built-in braai – ideal for tenant recreation
·Lush landscaped garden with mature trees
·Secure, peaceful suburban environment
·Ideal for professionals, student accommodation, or further redevelopment
Main house:
·6 bedrooms (1 en-suite)
·Full bathroom with separate toilet
·Communal kitchen
Flatlet 1:
·1 bedroom with en-suite
·Spacious lounge
·Built-in kitchen
Flatlet 2:
·2 bedrooms (main en-suite)
·Lounge
·Built-in kitchen
This is an investment opportunity offering income today and growth tomorrow.
Do not miss out—contact us today to arrange your private viewing and explore the full potential of this outstanding Hayfields investment property.
