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Lennoxton, Lennoxton, Newcastle, KwaZulu-Natal
R 3 500 000
Unlock the full potential of this prime income-generating property, ideal for seasoned investors or ambitious developers. The property features four well-maintained 2-bedroom units and a 1-bedroom bachelor flat—all fully tenanted, ensuring immediate and stable rental income. Situated on a spacious lot, it offers a reliable cash flow from day one, with tenants already in place. The layout and condition of the current units make this a low-maintenance, high-reward opportunity. It’s the perfect foundation for growing your investment portfolio. What truly sets this property apart is its incredible expansion potential. There's ample space to build up to five more units, with additional land to the side perfect for new residential or commercial ventures. A partitioned rear section is also tenanted, adding to your monthly income. Whether you’re looking to expand with more rentals or explore mixed-use development, the possibilities are endless. Located in a growing area, this property combines immediate returns with long-term upside. Don’t miss out—schedule a viewing today! ERA Real Estate, its agents, affiliates, and employees make no representations or warranties regarding the accuracy, completeness, or reliability of any marketing materials, including but not limited to images, photographs, descriptions, floor plans, or other promotional content. All marketing materials are for illustrative purposes only. ERA Real Estate shall not be held liable for any errors, omissions, or misstatements contained in any advertising, and no representations are made regarding the condition, availability, or pricing of properties. Prospective buyers and renters are strongly encouraged to independently verify all information and consult with a licensed professional before making any decisions. ERA Real Estate reserves the right to modify or withdraw any marketing materials at any time without prior notice.
Estimated monthly repayment
R 33 052
on a R 3 150 000 bond over 20 years at 11.25%
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Lennoxton, Lennoxton, Newcastle, KwaZulu-Natal
Liivra AI market value
AI estimate only; not a valuation. Consult a registered valuer or estate agent before making an offer.
Listed by
Zinhle Motaung
Unclaimed listing — claim it to verify
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