8 Bedroom House in George South
High-Yield Investment & Development Opportunity George South
Strategically located in prime George South, within close proximity to York Street and York High School, this rare investment offering presents both immediate income and significant future development upside.
The property consists of two adjacent freestanding houses on separate title deeds, offered as one consolidated investment:
Erf 1: 1,646 sqm
Erf 2: 1,196 sqm
Combined land size: 2,842 sqm
Currently operated as student accommodation, the properties generate a strong rental income of approximately R75,000 per month, providing an attractive cash-flow position from day one. Contract with Nelson Mandela University George from Feb 26 to Nov 26. Student accommodation.
Zoned Single Residential 1, the sizeable landholding allows for further value creation, with alternative development opportunities available subject to municipal approval. This makes the property well suited to investors seeking rezoning, densification, or redevelopment potential in a high-demand rental node.
The purchaser is required to acquire both properties together, securing a substantial footprint in a well-established and consistently performing area.
This is an exceptional opportunity for investors looking to combine stable income, strategic location, and long-term capital growth in one of Georges most sought-after suburbs.
Property Breakdown:
Meade Street House:
o4 bedrooms
o2 separate bathrooms
o2 separate toilets
oPotential to expand, enhancing yield and value
Palgrave Street House:
o4 bedrooms
o2 bathrooms
oLarge shed
The property is fully fenced. All offers welcome.
Property details
- Listing number T5339975
- Property type House
- Listing date 26 Dec 2025
- Land size 2 842 m²
- Rates and taxes R 3 374
Property features
- Bedrooms 8
- Bathrooms 4
- Lounges 2
- Dining areas 2
- Garage parking 4
- Open parking 6
- Flatlets
- Balcony
- Furnished