Situated in sought-after Chartwell, just minutes from Fourways, this 8,565m² corner stand on Romney Avenue offers a rare opportunity to acquire a multi-dwelling smallholding with strong income-generating potential.
The property comprises a spacious main residence, two cottages, and additional rental rooms, all with separate access and metering, making it ideal for investors or extended family living.
The main house offers four bedrooms, including an upstairs loft suitable as a study or office. The living areas are generous and include two lounges, one with a fireplace, as well as a sunken lounge and dining room. The kitchen is well-sized with ample cupboard space and a separate scullery. The main bedroom is particularly spacious and features a walk-in dressing area and a full en-suite bathroom.
The home opens onto a covered patio overlooking a swimming pool and established gardens with mature trees, offering a peaceful country lifestyle.
Additional accommodation includes a freestanding three-bedroom cottage with private access and carport, as well as a two-bedroom cottage attached to the main house with its own entrance. There are also four separate rental rooms with independent access, catering to additional income opportunities.
The property benefits from a strong borehole water supply, significantly reducing utility costs. Each dwelling is separately metered, and the layout allows for efficient tenant management. There are two entrances to the property and ample parking for multiple vehicles.
The current rental breakdown is as follows:
Main house: R18,000 per month (if rented out)
Three-bedroom cottage: R14,000 per month
Two-bedroom cottage: R7,000 per month
Additional rooms: R10,800 per month
Total monthly income if each space is rented out: approximately R49,800
At a purchase price of R4,500,000, this property offers a compelling investment opportunity with positive cash flow potential and strong returns on capital, particularly when leveraged.
This is a versatile property suited to investors, developers, or buyers looking to secure a large land holding with immediate income in a prime Chartwell location.
Contact us to arrange a viewing.