Pam Golding Properties

House for sale in Pioneer Park

House for sale in Pioneer Park - 1NW1716706
  • For sale
  • Exclusive mandate
  • For Sale
  • /
  • South Africa
  • /
  • KwaZulu-Natal
  • /
  • Northern KwaZulu-Natal
  • /
  • Newcastle
  • /
  • Pioneer Park
  • /
  • 1NW1716706

R1,450,000

5 bedrooms4 bathrooms5 parking baysErf 1521 m²

Expenses

Rates and Taxes: 
R1,136 per month
  • Parking
Listing #: 1NW1716706

Fantastic Investment Opportunity – Three Income-Generating Flats Plus Extra Land

Exclusive Mandate!!

This large, versatile property is split into three income-producing flats, each with its own private entrance, carport, and garden space — making it an exceptional investment with stable, long-term tenants already in place.

Flat 1 offers two bedrooms and two bathrooms, providing wonderful space and comfort. Flat 2 includes two bedrooms and one bathroom, while the third unit is a spacious bachelor flat featuring a kitchenette, bathroom, and living area. All units are finished with contemporary touches and each is fitted with its own prepaid electricity meter, ensuring easy management and cost control.

In addition to the three dwellings, the property includes a separate piece of undeveloped land, offering exciting potential for expansion or future projects.

Currently generating an estimated R13 000 per month in rental income from long-standing, reliable tenants, this property is a must-see for savvy investors looking for a strong return and room for future growth.

Key features

  • 3x Flats
  • All open plan living
  • Each unit with it's own garage
  • Generating good rental income
  • Additional piece of land yet to be developed

Listing details

Rooms

    • 5 Bedrooms
      • Main Bedroom
      • Main bedroom with built-in cupboards and tiled floors
      • Bedroom 2
      • Bedroom with built-in cupboards and tiled floors
      • Bedroom 3
      • Bedroom with built-in cupboards and tiled floors
      • Bedroom 4
      • Bedroom with built-in cupboards and tiled floors
      • Bedroom 5
      • Bedroom with tiled floors
    • 1 Bathroom
      • Bathroom
      • Bathroom with basin, bath, shower, tiled floors and toilet
    • Other rooms
      • Kitchen
      • Kitchen with granite tops, melamine finishes and tiled floors

Other features

    • Walls
    • Face brick, plastered walls
    • Security
    • Automatic gates

I'm your local property expert in Pioneer Park, South Africa

Courtney Elliott

Courtney Elliott, your local property expert in Pioneer Park, South Africa
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Registered with the PPRA - Full Status FFC

Courtney Elliott

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70 Victoria Road, Newcastle, 2940, KwaZulu-Natal
Registered with the PPRA.Holder of a Business Property Practitioner FFC. Operating a Trust Account. A Franchise of Pam Golding Franchise Services (Pty) Ltd.Struset (Pty) Ltd t/a Pam Golding Properties Newcastle
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Courtney Elliott, your local property expert in Pioneer Park, South Africa
BackHouse for sale in Pioneer Park

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