Property description
Unlock the potential of this outstanding income-generating property, perfectly positioned on a prominent corner stand in the highly desirable suburb of Selborne, East London.
Currently generating an impressive rental income of approximately R23,600 per month, this property offers investors immediate returns with reliable tenants already in place, making it an ideal addition to any property portfolio.
The main residence has been intelligently converted into two self-contained living units, each offering a comfortable bedroom, lounge, and kitchen. Designed to maximise rental income while providing practical, private accommodation, these units are well suited to long-term tenants.
Adding even greater value is a separate granny flat, creating a third income stream and further enhancing the property's earning potential.
Ideally located within walking distance of Vincent Park Shopping Centre, reputable schools, public transport, and a variety of everyday amenities, this property enjoys a location that consistently attracts quality tenants. The spacious corner erf also offers ample outdoor space with exciting possibilities for future expansion or further development.
Whether you're an experienced investor or looking to secure your first income-producing property, this is a rare opportunity to acquire a well-positioned asset with established cash flow, excellent growth potential, and long-term investment appeal.
- Flatlet
- Freehold
- Pets Allowed
Location rating
Nearby Transport
Nearby Education
Nearby Other
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Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
