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Hayfields, Pietermaritzburg, KwaZulu Natal, KwaZulu Natal
House
ZAR 2,329,990
Positioned in a highly desirable and tranquil cul-de-sac within Hayfields, this exceptional income-generating investment property offers a rare blend of location, land size, lifestyle amenities, and strong rental returns. Ideally located just 2 minutes (±400 metres) from the Pick n Pay Hayfields Centre and Mills Spa, the property also enjoys seamless access to public transport routes, reputable schools such as Hayfields Primary and Kids Palace Pre-School, major arterial roads, and the N3 highway. Scottsville Mall, the CBD, and University of KwaZulu-Natal are all within a short 5-minute drive, further enhancing its rental appeal and long-term value. Set on an expansive 2,188m² erf, the property is already optimised for income generation and is currently fully tenanted by eight professional occupants, producing a stable monthly rental income of R27,600, equating to over R330,000 per annum. The existing configuration comprises two self-contained flatlets and a large main house, offering flexibility for continued multi-letting, student accommodation, or future redevelopment. Importantly, the generous land size presents significant further development potential, allowing an investor to…





