R2,250,000
R2,250,000
Monthly Bond Repayment R23,994.67
Calculated over 20 years at 11.5% with no deposit.
Change Assumptions
Monthly Rates
R2,224
R2,224
VERSATILE FAMILY HOME
Property Overview: Are you just starting out or looking for an easy way to generate extra income? This unique property offers the perfect solution! With minimal expense, this house can be divided into two separate units, providing you with not just one, but two rental incomes—all while you enjoy the comfort of your own home.
Key Features:
• Upstairs: Enjoy spacious living with 3 bedrooms, a lounge, dining room, and a well-equipped kitchen—perfect for your family's needs.
• Downstairs: The lower level features an open-plan lounge area that just needs a kitchenette, plus a bedroom with an en-suite bathroom that only requires the addition of a shower to be complete.
• Free-Standing Cottage: A separate, free-standing cottage on the property offers additional rental income or a private living space for extended family.
• Income Potential: With a few finishing touches, the downstairs area and the cottage can be transformed into fully independent rental units, offering significant income potential.
• Affordable Conversion: The property can be divided with minimal cost, making it an attractive option for savvy investors or first-time homeowners.
• Live and Earn: Live comfortably upstairs while renting out the downstairs unit and cottage, or rent all three spaces for maximum income.
Ideal For: This property is ideal for first-time buyers, investors, or anyone looking to supplement their income. Whether you’re starting out or expanding your property portfolio, this home offers endless possibilities.
Don’t Miss Out! Opportunities like this don’t come around often. Secure this income-generating property today and start enjoying the benefits of multiple rental incomes plus your own home!
Features
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
2.5
Kitchens
1
Reception Rooms
3
Exterior
Garages
2
Carports / Parkings
6
Security
Yes
Flatlet
1
Pool
Yes
Sizes
Land Size
5,835m²
Berea West, Durban
Durban
Durban is the largest city in the South African province of KwaZulu-Natal and the third largest city in the country, forming part of the eThekwini metropolitan municipality. Durban is famous as the busiest port in South Africa and is also a major centre of tourism because of the city's warm subtropical climate and extensive beaches. Voted as one of the top 10 family beach holiday cities in the...
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Disclaimer: While every effort will be made to ensure that the information contained within the Dormehl Phalane Property Group website is accurate and up to date, Dormehl Phalane Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
