Property description
Exclusive to Harcourts Pulse, welcome to a smart investment opportunity in a thriving suburb. This multi-unit property, located in a secure residential suburb, is perfectly suited for investors or large extended families looking to generate income. With 6 self-contained units, all equipped with prepaid electricity meters, this residence delivers a steady rental income of R26,500 per month.
The property’s prime location offers unmatched convenience. Residents enjoy easy access to top local schools, the new Malvern Park Shopping Centre, places of worship, sports grounds, police station/municipal offices, community halls, and medical facilities. Major motorways heading north, south, and beyond, along with accessible public transport routes, make this an ideal spot for tenants and homeowners alike.
Each unit comes with secure onsite parking, plus additional spaces for visitors. Interlocked by neighbouring homes, this property provides a safe and welcoming environment, making it a standout choice for those seeking both security and accessibility.
The six units are designed to cater to a variety of needs, offering flexibility for tenants or extended family living:
Unit 1 features 2 bedrooms, 1 bathroom, a kitchen, lounge, and courtyard.
Unit 2, the original main house, boasts 3 bedrooms, 2 bathrooms (including a family bathroom and en-suite), a lounge, dining room, kitchen, and courtyard.
Unit 3 includes 2 bedrooms, 1 bathroom, an open-plan kitchen/lounge, and a courtyard.
Unit 4 is a bachelor/studio room, currently a work in progress.
Unit 5 offers 2 bedrooms, 1 bathroom, an open-plan kitchen/lounge, and a courtyard.
Finally, Unit 6 provides 1 bedroom, 1 bathroom, an open-plan kitchen/lounge, and a courtyard.
This property is a smart investment with options galore. The prepaid electricity meters ensure low maintenance for landlords, while the secure parking and prime location attract reliable tenants. Whether you’re an investor seeking passive income or a family looking to offset bond payments by renting out units, this residence offers unmatched versatility and value.
Seize this smart investment today. Contact us today to schedule a viewing and explore the potential of this income-generating property.
- Flatlet
- Store Room
- Patio
- Freehold
- Security Features
- Sea View
- Pets Allowed
- Flooring: Tiles, Parquet
- Walling: Fully Fenced, Fully Walled
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.
