Prime Investment Property for Sale near Christmas Pass, Penhalonga, Mutare

Penhalonga, Mutare, Manicaland

$150,000

Penhalonga, Mutare, Manicaland

3 Bedrooms

Description

Set on a generous 3,656 m² stand, this secure three-bedroom property offers outstanding potential in a strategically located area near Christmas Pass.

Although the home would benefit from modernisation, its large grounds, established utilities, and convenient location give a creative buyer an excellent opportunity to restore, renovate, or reposition the property.

Property Features:
Three bedrooms
Main bedroom with en-suite bathroom
Additional bathroom with toilet, basin, and shower
Lounge and dining area
Kitchen with pantry
Smooth-finished floors
Spacious yard with washing line
Borehole
Council water supply
Fully walled and gated
Clean title deed available

Conveniently Located Near:
Christmas Pass
Hillcrest College
St Augustine’s Mission School
Africa University, approximately 10 km away
Nearby mining operations and commercial activity

The property may be suitable, subject to the relevant approvals, for a family residence, student accommodation, offices, a guest lodge, or investment redevelopment.

Ideal for investors, mining-sector buyers, institutions, or anyone seeking a spacious property with considerable long-term potential.

For viewings and further information, contact Natasha

Amenities

Borehole

Garden

Good ZESA

Municipal Water

Main En Suite

Sewer System

Walled

Water Tank

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Employment type
Salaried
Self-employed
Home Maker
Retired

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Average price by bedroom

Average price of properties in Penhalonga

Type

Price

3 Bedrooms

$220,000

4 Bedrooms

$150,000

5+ Bedrooms

$300,000

Price Trends

The average price of a 3 bedroom house for sale in Penhalonga is $220,000

Frequently Asked Questions (FAQs)

Why is Mutare a desirable place to live or invest in Zimbabwe?

Mutare is known for its scenic mountain views, cooler climate, and relaxed lifestyle. It attracts families, retirees, and investors looking for peaceful living and affordable property.

What are the average property prices in Mutare Zimbabwe?

Property prices in Mutare typically range from USD 80,000 to USD 350,000 depending on location, property size, and condition. Prime areas and modern homes command higher prices.

What types of properties are available in Mutare?

Mutare offers family homes, residential stands, townhouses, and some commercial properties. The market appeals to both homeowners and investors seeking affordable opportunities.

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How accessible is Mutare from other cities in Zimbabwe?

Mutare is connected to Harare via the Mutare-Harare Highway and is close to the Mozambique border. It serves as a key trade and transport hub in eastern Zimbabwe.

Who pays estate agent commission in Zimbabwe and how much is it?

Estate agent commission is typically around 5% of the sale price and is usually paid by the seller after the transaction is completed.

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Are mortgages available in Zimbabwe and what should buyers expect?

Mortgage financing is available through selected banks, requiring deposits of 20–30%. Terms vary depending on the lender and buyer profile.

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What additional costs should buyers budget for when purchasing property?

Buyers should plan for 10–12% extra costs including stamp duty, conveyancing fees, and registration charges. These are often overlooked.

What legal documents are required when buying property in Zimbabwe?

Essential documents include the Agreement of Sale, Title Deed, and clearance certificates. These ensure a smooth and legally compliant transfer process.

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What are the key steps in conducting due diligence when buying property?

Due diligence includes verifying ownership, checking the Title Deed, and confirming no disputes. This protects buyers from legal and financial risks.

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Why is proper property pricing important when buying or selling?

Correct pricing ensures a property sells faster and reflects true market value. Overpricing can delay sales, while underpricing can lead to losses.

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