3-Bedroom Home with 3 Flatlets on an Expansive 1190m2 Double Plot - Let the Rental Income Cover a significant chunk of Your Bond!
Set in a tranquil neighbourhood, this remarkable property offers a rare combination of comfortable living and outstanding rental potential. The main house spans an impressive 165m2, providing a harmonious balance of space and practicality. It features three spacious bedrooms and a thoughtfully designed bathroom setup with two toilets and a shower, making it ideal for family living. A large, enclosed room adjacent to the kitchen offers versatility, perfect for a cozy lounge or an additional dining area.
The property is further enhanced by a tandem double garage, offering ample room for parking and storage. A dormant borehole, untouched for 18 years, adds unique potential for a valuable water resource.
Adding to its appeal are three separate rental units. Two flats, each comprising two bedrooms and a bathroom, are ideal for tenants or extended family members. A self-contained studio flat with its own bathroom completes the offering, making this property exceptionally versatile. Secure off-street parking for multiple vehicles ensures peace of mind for residents and guests, while a garden storage facility provides practical space for tools and equipment.
Financially, this property is a standout. The three rental units currently generate a combined net income of R10,236 per month, highlighting its strong rental appeal. The main house, previously rented for R14,280, has the potential to earn over R16,000 per month with minimal upgrades. This setup creates a unique opportunity for the owner to live in the main house while enjoying substantial bond relief through rental income.
This is more than just a home; it's an investment in comfort, convenience, and financial freedom. A rare opportunity to secure a serene living space with incredible income potential.
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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.
