Positioned in the heart of Port Elizabeth Central, 15 Ivy Street is a single-storey rendered cottage that puts location at the centre of its investment case. Just 150m from the NMU pick-up zone and within easy reach of shops, schools and everyday amenities, it sits in one of the citys most consistent rental catchments the kind of address students and tenants look for first.
Inside, the open-plan lounge and dining area is lit by a large sliding glass door that opens to the courtyard, drawing the outdoors in. Painted tongue-and-groove ceilings run through the living spaces and kitchen, lending the cottage its period character, while cornice detailing adds a traditional touch in the bedrooms. The functional kitchen and dated-but-serviceable bathroom are fully workable as-is, giving an incoming owner immediate use while leaving obvious scope to refresh finishes and lift value.
Two bedrooms provide flexible letting configurations, with one featuring a full-wall bank of built-in wardrobes practical storage for a shared-living arrangement. The bathroom includes a separate shower, bath, toilet and vanity.
The enclosed rear courtyard is the propertys quiet surprise: brick-paved and framed by mature trees and leafy plantings, with a freestanding braai and secure perimeter walls. Its a private outdoor retreat that adds genuine tenant appeal.
Street-facing windows carry timber shutters and burglar bars, and the front boundary is secured with steel palisade fencing. With no visible structural concerns and priced at R749,000, this is a straightforward entry-level asset: buy well, refresh strategically, and capitalise on unrelenting central-precinct rental demand.
The laundry room and toilet can easily be converted to another rentable room.
This property is ideal for student accommodation and you will not get another opportunity to enter this lucrative market at such a low entry level.
Act now and cal me to make an appointment.