Situated in a quiet and peaceful area bordering a green strip, this property offers an excellent opportunity for investors or buyers looking to renovate and add value.
The property requires maintenance and upgrading but boasts multiple accommodation options and attractive rental income potential.
The main house consists of two bedrooms, one bathroom, a small study, and a spacious open-plan living area. The original kitchen offers ample cupboard space and is complemented by a separate scullery with additional storage, appliance connections, and a basin. The property also features a spacious entertainment lapa with doors opening onto the backyard, creating an inviting space for entertaining family and friends. The peaceful setting overlooking the greenbelt adds to the property's appeal and sense of privacy.
A valuable feature of this property is the additional accommodation. The separate one-bedroom flatlet includes a kitchen and bathroom with a shower and is fitted with its own prepaid electricity meter.
In addition, an outside room, which was originally the third bedroom of the main house, has been converted into a separate unit with its own private entrance and prepaid electricity meter.
These units offer flexibility for extended family living, guest accommodation, or rental income generation.
Estimated rental income is approximately R9,000 per month for the main house, R4,500 per month for the flatlet, and R4,000 per month for the outside room, providing a potential total rental income of R17,500 per month.
Municipal rates are approximately R1,200 per month, excluding water and electricity usage, while the average monthly municipal account, including all services for the dwellings, is approximately R4,000 per month.
This property presents a fantastic opportunity for investors seeking multiple income streams or buyers looking for a renovation project with excellent long-term potential.