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2 Mountford Street, Pioneer Park, Newcastle, KwaZulu-Natal
R 1 350 000
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,...
Estimated monthly repayment
R 12 748
on a R 1 215 000 bond over 20 years at 11.25%
Estimate only — actual rates depend on your credit profile + bank approval. Consult a bond originator for a formal quote.
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2 Mountford Street, Pioneer Park, Newcastle, KwaZulu-Natal
Area view — the exact address is shared on enquiry.