Property description
A rare and highly profitable Sectional Title Scheme is now available in the sought-after Grayleigh, Westville — an investment opportunity that delivers consistent returns. Generating a gross monthly income of R42,000, with rates of R3,600, this property provides a net income of R38,400 per month, a stable yield maintained since 2018.
This fully tenanted scheme comprises two spacious units plus a granny flat, offering both immediate income and future development potential.
SECTION 1
Main Unit:
3 bedrooms, 2 bathrooms, lounge, dining room, fitted kitchen, entertainment area, and double lock-up garage.
Granny Flat: 1 bedroom, open-plan lounge & kitchenette, bathroom, and single lock-up garage.
Rental Income: R16,500 (main unit) + R8,000 (granny flat) = R24,500 per month.
SECTION 2
4 bedrooms, 3 bathrooms, lounge, dining room, kitchen, double garage, and a private pool.
Rental Income: R17,500 per month.
FUTURE DEVELOPMENT POTENTIAL
The property includes Real Rights, allowing for the construction of an additional 4-bedroom unit, enhancing long-term investment value.
PRESTIGIOUS LOCATION & LIFESTYLE APPEAL
Situated in the secure Cowies Hills Estate, this well-maintained complex offers:
Prime Location: Close to shopping malls, top schools, and healthcare facilities.
Security & Peace of Mind: Within a controlled-access estate.
Private Gardens: Ideal for families and pet-friendly living.
Effortless Investment: Low-maintenance, high-return rental property.
This exceptional investment is perfect for smart investors seeking passive income and capital appreciation. Opportunities like this are rare—schedule your private viewing today!
- Pool
- Study
- Flatlet
- Patio
- Security Features
- Pets Allowed
- Flooring: Tiles, Parquet
- Fully Fenced
Location rating
Nearby Transport
Nearby Education
Nearby Other
Request property details from Tyson Properties Pinetown / Westville Office
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Agents
Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
