Property Details
This expansive 996m² property in Edenvale offers a fantastic investment opportunity, providing multiple rental income streams from its versatile living spaces. The main house features a spacious layout with 3 bedrooms, an office, and 2.5 bathrooms, all elegantly renovated to offer modern, high-end finishes. Enjoy entertaining guests in the large open-plan lounge and dining area, seamlessly connected to the newly renovated kitchen, complete with stylish marble countertops and custom cabinetry. The entertainment area is further enhanced by a built-in hardwood bar, sauna, and jacuzzi, providing the perfect environment for relaxation and social gatherings.
In addition to the main house, the property includes two separate rental units:Studio Flatlet:An open-plan living space with 1 bathroom, complete with a shower, offering privacy and comfort for tenants.Larger Flatlet:A 1-bedroom unit with an open-plan lounge and dining area, and a well-appointed bathroom with a shower, ideal for longer-term rentals.
Both flatlets are equipped with prepaid electricity meters, and water costs are shared, ensuring ease of management for both tenants and the property owner. With a total rental income potential of approximately R18,000 per month, this property is an excellent opportunity for anyone seeking to generate substantial rental income.
The property also offers a manageable municipal rate of R2,500 per month, ensuring low ongoing costs. Don’t miss the chance to own this exceptional property with significant investment potential.
Key Features:996m² stand3 Bedrooms, office, 2.5 bathrooms in the main houseOpen-plan lounge, dining, and newly renovated kitchenLarge entertainment area with built-in hardwood bar, sauna, and jacuzzi2 rental units: Studio flatlet and larger 1-bed flatletPrepaid electricity, shared water costsPotential rental income: R26,000 per month