3 bedroom house with 3 flatlets on a massive double plot of approximately 1196m2, let the rental income cover a substantial portion of your bond!
Nestled within a serene neighbourhood, this unique property promises a blend of spacious living and lucrative rental opportunities. The main house, sprawling across 168 square meters, is a haven of comfort and convenience. It boasts three generous bedrooms and a complex bathroom setup featuring two toilets and a shower area, catering perfectly to family needs. Adjacent to the kitchen, a large enclosed room offers versatile space, ideal for a cozy family room or an additional dining area.
The property also includes a tandem double garage, providing ample space for vehicles and storage. An intriguing feature is the borehole, untouched for 18 years, which presents a valuable potential water source for the property.
Beyond the main house, the estate extends its charm with additional dwellings. Two flats, each with two bedrooms and a bathroom, offer perfect accommodations for tenants or extended family members. Additionally, a studio flat with its own bathroom adds to the property's versatility. One of the highlights of this property is its secure off-street parking, capable of accommodating numerous vehicles, ensuring peace of mind for residents and guests alike. The garden area houses a dedicated storage facility, perfect for tools and outdoor equipment, enhancing the practicality of the estate. From a financial perspective, this property is a gem. Currently, three tenants generate a net income of R10,236 per month, showcasing its strong rental appeal. The main house, which was previously rented at R14,280 in its unrenovated state, has the potential to command upwards of R16,000 per month with minimal updates. This rental income provides a unique opportunity for the owner to live in the main house while the rentals cover a significant portion of the bond.
This property offers not just a home, but a lifestyle of comfort, convenience, and financial potential. It is a rare opportunity to invest in a property that promises both a serene living environment and substantial rental income.
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
