Property description
🏡 Versatile Investment Property – Live In, Rent Out, or Both!
This unique property offers incredible flexibility—perfect whether you’re looking for a family home, rental income, or a combination of both. Situated in the popular area of Observatory, it’s a prime opportunity for smart investors or homeowners.
🏠 Main Residence:
- Spacious 4-bedroom, 3-bathroom home
- Open-plan living and lounge areas
- Stylish, fully fitted modern kitchen + separate scullery
- Equipped with a solar power system—no interruptions during load shedding
- Ideal for families who value comfort and space
🌳 Outdoor Space & Extra Units:
- Expansive yard with 5 additional rental units
- 4 covered parking bays + plenty of space for more vehicles
🏘️ Rental Units Breakdown:
1. Unit 1 – 3 Bed, 2 Bath (Airbnb)
- Includes lounge, dining area, full kitchen, and private patio
- Fully furnished and generating income via Airbnb
2. Unit 2 – 1-Bedroom Loft (Airbnb)
- Split-level with bedroom upstairs, living area and kitchen downstairs
- Also fully furnished and actively rented on Airbnb
3. Unit 3 – 1-Bedroom Cottage (Airbnb)
- Detached cottage with full kitchen, spacious lounge, and bathroom
- Offers great guest privacy and comfort
4. Unit 4 – Bachelor Flat
- Compact unit with kitchen, bathroom, and living area
- Perfect for singles or couples
5. Unit 5 – 1-Bedroom Cottage (Long-Term Rental)
- Currently leased as a **doctor’s consultation space**
- Brings in **R6,000/month** (potential to earn up to **R8,000/month**)
📍 Excellent Location:
- Conveniently close to:
- Melrose Arch – 10 minutes
- Eastgate Shopping Centre – 10 minutes
- Surrounded by good schools and shopping options
🌟 Why It Stands Out:
- Live in one unit while renting out the rest
- Generate multiple streams of rental income
- Includes a private swimming pool
- Rare blend of personal comfort and financial potential
- Pool
- Study
- Flatlet
- Store Room
- Security Features
- Sea View
- Pets Allowed
