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Athlone, Athlone, Pietermaritzburg, KwaZulu-Natal
R 2 695 000
An exceptional income-generating opportunity, this property offers a spacious main residence alongside three self-contained flats — ideal for the investor seeking multiple rental streams from a single title, or the buyer looking to live in and let out the rest. Main House Step through the entrance hall into a home designed for family living The main house comprises a TV lounge, separate lounge, dining room, and kitchen (dated, offering scope for a modern upgrade) — plus a swimming pool for those warm summer days (currently not in working order). Downstairs you'll find 2 bedrooms, 1 with its own main-en-suite, a guest cloakroom (w/c), and a full family bathroom — giving the ground floor genuine flexibility for multigenerational living or guest accommodation. Upstairs offers three further bedrooms serviced by a bathroom. Three Additional Flats: Adding further appeal to this property is a set of three flats, well suited to rental income or extended family accommodation: Flat 1 & Flat 3: Each offers an open-plan kitchen and lounge, a bedroom, and a bathroom — comfortable, self-contained living spaces. Flat 2 (Middle Flat): A more compact layout with bedroom, kitchenette, and bathroom. With multiple independent living spaces and strong rental potential across the main house and flats, this property presents a compelling opportunity for investors seeking diversified rental income from one address.
Estimated monthly repayment
R 25 450
on a R 2 425 500 bond over 20 years at 11.25%
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Athlone, Athlone, Pietermaritzburg, KwaZulu-Natal
Fair-value check
Good valuePriced 39% below comparable 5-bed houses for sale in Athlone
Based on 20 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Dineo Sibanda
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