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Northdale, Northdale, Pietermaritzburg, KwaZulu-Natal
R 2 300 000
This exceptionally neat and well-maintained property presents an outstanding investment opportunity. Currently operating as a boarding and student accommodation facility, the property generates an approximate rental income of R56,000 per month, with excellent potential to increase returns. Ideally positioned on the main road, adjacent to Save Hyper, and approximately 100 metres from a local shopping centre, this property offers excellent exposure and can be easily rezoned for commercial use. Main Residence: -3 Spacious bedrooms -2 Bathrooms (main en-suite) -Comfortable lounge -Fully fitted kitchen -Built-in cupboards -Fully tiled throughout -Neat and well maintained -Currently tenanted Outbuilding: 1 -4 Bedrooms -Shared bathroom and toilet -Currently utilized as student accommodation Outbuilding 2: -3 Bedrooms -Kitchen, Bathroom and toilet -Currently utilized as student accommodation Property Features: -Excellent income-producing investment -Large level stand with ample parking -High-visibility main road location -Strong commercial and redevelopment potential -Easy rezoning opportunity -Close to schools, shopping centres, FET college, hospitals, and other essential amenities -Ideal for student accommodation, boarding establishment, medical rooms, offices, or other commercial ventures Whether you're looking to expand your investment portfolio or secure a property with exceptional future development potential, this versatile property is an opportunity not to be missed. Henwood and Katz Real Estate (Pty) Ltd t/a RE/MAX Midlands. A franchise of RE/MAX of Southern Africa.
Estimated monthly repayment
R 21 720
on a R 2 070 000 bond over 20 years at 11.25%
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Northdale, Northdale, Pietermaritzburg, KwaZulu-Natal
Liivra AI market value
AI estimate only; not a valuation. Consult a registered valuer or estate agent before making an offer.
Fair-value check
Priced highPriced 175% above comparable 3-bed houses for sale in Northdale
Based on 204 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Johan Nel
Unclaimed listing — claim it to verify
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