This 800m2 residential property, situated in the serene and well-established suburb of Richmond Crest in Pietermaritzburg, offers a unique redevelopment opportunity for discerning buyers, developers, or investors.
The main dwelling was unfortunately destroyed by fire, however, a separate and structurally sound garage remains on site, providing a valuable starting point for future development. The land is zoned for residential use and is positioned in a peaceful neighbourhood that is both secure and family-friendly, surrounded by fully developed homes.
It is ideally located within close proximity to key amenities such as Primary Schools, Local clinics, Police services, and major retail outlets including Southgate Shopping Centre and Makro. The area is well-connected with easy access to transport routes, making it ideal for residential rebuilding or an investment property.
The stand is fully fenced, with existing driveways and some service infrastructure still present, reducing initial development input costs. Given the recent comparable property sales in the area ranging from R1.2 million to above R2 million, this property holds solid potential for capital growth.
The asking price is negotiable, and the seller is open to reasonable offers. This listing represents an ideal blank canvas for those looking to rebuild or reimagine a family home or rental opportunity in a quiet and desirable part of Pietermaritzburg.
Don’t miss out on the chance to secure a well-located site in a rising residential market.
