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Athlone, Athlone, Durban North, KwaZulu-Natal
R 4 850 000
An exceptional opportunity for savvy investors! Perfectly positioned on level land within a bustling mixed-use area, this income-generating property offers solid returns and excellent future growth potential. Already producing steady rental income, the property also comes with approved plans for six additional units, making it a lucrative option for expansion or redevelopment. The property currently comprises two well-maintained buildings and two flatlets, each with prepaid meters for easy management and separate tenants in place. The spacious courtyard provides ample parking for all occupants. Main House • Divided into two self-contained sections, each with its own entrance and prepaid meter. • Section A: 3 bedrooms, 1 bathroom, open-plan lounge and dining area, and a spacious fitted kitchen. • Section B: 2 bedrooms, lounge, dining area, and fitted kitchen. Flatlets • Flatlet A: Stylish studio apartment with 1 bedroom, bathroom, modern fitted kitchen with granite tops, and secure parking. • Flatlet B: 2 fitted bedrooms, 1 bathroom, lounge, fitted kitchen, and single parking bay. With its strategic central location, approved development potential, and reliable rental income, this property is an investor’s dream. A must-see opportunity for those seeking strong returns and long-term value!
Estimated monthly repayment
R 45 800
on a R 4 365 000 bond over 20 years at 11.25%
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Athlone, Athlone, Durban North, KwaZulu-Natal
Fair-value check
Priced highPriced 87% above comparable 3-bed houses for sale in Athlone
Based on 24 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Ayanda Naidoo
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