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Kensington, Kensington, Johannesburg, Gauteng
R 1 650 000
Whether you are expanding your portfolio or buying your first investment property, this multi-unit opportunity in Kensington offers immediate income and long-term growth. Set on a generous 1084sqm stand, this property comprises three semi-detached 2-bedroom homes, currently generating approximately R21 000 per month (±R252 000 per year) in rental income. At the asking price of R1 650 000, this represents an estimated ±15% gross yield — a strong return in a well-established rental area. Each Unit Offers: • 2 Bedrooms • Lounge • Kitchen • Bathroom Why This Investment Makes Sense: ? Immediate rental income from three separate units ? Spread risk across multiple tenants ? Large stand with future expansion potential ? Quiet residential setting attractive to tenants ? Close to Eastgate Mall, major routes, schools, and public transport For seasoned investors, this is a solid cash-flowing asset with upside potential. For first-time investors, this is an opportunity to enter the market with built-in income from day one. Multi-unit properties on large stands in Kensington are not common at this price level. Contact us today to arrange your private viewing and secure this smart investment.
Estimated monthly repayment
R 15 581
on a R 1 485 000 bond over 20 years at 11.25%
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Kensington, Kensington, Johannesburg, Gauteng
Fair-value check
Fairly pricedIn line with comparable 6-bed houses for sale in Kensington
Based on 17 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Emma Jacobs
Unclaimed listing — claim it to verify
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