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261 Surrey Avenue, Ferndale, Randburg, Gauteng
R 430 000
Surreyside is a well-maintained and highly sought-after complex in the heart of Ferndale. This recently renovated 1-bedroom, 1-bathroom apartment presents an excellent investment opportunity, complete with an excellent tenant already in place, ensuring immediate rental income from transfer. Current rental is R5 700 plus utilities. Positioned on the 2nd floor, the unit offers a practical and modern layout designed for comfortable living. Property Features: 1 Bedroom with ample built-in cupboard space 1 Bathroom featuring a basin, bath, and toilet and a shower in the bath Spacious open-plan living area with abundant natural light Modern kitchen with granite countertops, space for one under counter appliance, and a tall fridge 2 undercover basement parking bays (tandem) Pre-paid electricity, with the tenant responsible for electricity, water, and sewerage/effluent in addition to rent Lift access from basement parking to the apartment for added convenience 24-hour security in a well-managed complex Investment Highlights: Property is being sold with an excellent sitting tenant in place Immediate rental income from day one Low-maintenance unit in a high-demand rental area Strong appeal due to location and amenities Prime Location: Surreyside is ideally located within walking distance of the Gautrain bus stop and Ferndale on Republic shopping centre, offering access to major retailers including Pick n Pay, Woolworths, Clicks, and Dis-Chem. The complex is also conveniently close to Multichoice, public transport routes, Malibongwe Drive, and Virgin Active Brightwater. This is a solid, income-generating asset in a popular rental area, well-suited to investors looking to expand or diversify their portfolio. For further information or to arrange a viewing, please get in touch.
Estimated monthly repayment
R 4 061
on a R 387 000 bond over 20 years at 11.25%
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261 Surrey Avenue, Ferndale, Randburg, Gauteng
Liivra AI market value
AI estimate only; not a valuation. Consult a registered valuer or estate agent before making an offer.
Fair-value check
Good valuePriced 22% below comparable 1-bed apartments for sale in Ferndale
Based on 141 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Dylan Van der Merwe
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