6 Bedroom House in Northdene

The Ultimate Cash-Flow Numbers

Asking Price: R1,495,000

Gross Rental Income: R24,200 per month 19.4 Gross Yield!

Status: 100 tenanted with active leasescollect income from Day 1.

Finding a freestanding property under R1.5 million that generates nearly R25,000 monthly is an exceptional find. This multi-unit residential complex is a pure cash cow, offering immediate positive returns from the day of transfer. Whether you want to aggressively expand your portfolio or secure a high-yielding asset, the numbers here do the talking.

Monthly Income Breakdown

Unit 1 2-Bed: R7,000 pm

Unit 2 2-Bed: R6,000 pm

Unit 3 1-Bed: R5,200 pm

Unit 4 1-Bed: R6,000 pm

Total Passive Income: R24,200 PM

Diverse Accommodation & Honest TLC Upside

This property spreads your investment risk across four separate tenancies rather than relying on a single tenant.

The Interior Reality: The units vary in style, finishes, and layouts. Two units have been modernised, while the remaining spaces are simple and functional with standard tilelaminate flooring and built-in cupboards.

The Opportunity: Portions of the property require some cosmetic TLC and finishing touches. It has been priced strictly according to its current condition, allowing you to buy in at a low entry point, bank massive immediate income, and upgrade gradually to unlock serious future equity.

Sprawling Land & Development Potential

The existing four income streams only scratch the surface of this massive freestanding plot:

Massive Backyard: Fully walled yard with a large grassed area, giving tenants a safe, private space for kids to play.

Room to Expand: With council permission, the massive unused land provides a blank canvas to build further blocks or cottages to multiply your yield.

External Features: Includes a large standalone iron workshopshed for storage, external security lighting, an undercover carport, and an extensive paved courtyard with effortless drive-in access for multiple vehicles.

Built for Zero Vacancy Rates

Malvern Park: Minutes away from the newly transformed shopping centre.

Commuting: A stone''s throw from the main road for easy public transport and quick highway access.

Convenience: Exceptionally close to top-tier local schools and everyday amenities.

Highly Motivated Seller: The seller is keen to move onto their next venture. All reasonable offers will be seriously considered.

An immediate R24,200 monthly income at a R1,495,000 price point will not wait around for hesitant buyers.

Contact us today to arrange your private viewing and secure this financial jackpot!