R2,400,000
R2,400,000
Monthly Bond Repayment R26,008.97
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
Calculate Affordability | Calculate Bond & Transfer Costs | Currency Converter
R1,900
Prime Investment with Triple Income Yield Within Walking Distance to Berea West Prep!
Welcome to an exceptional investment opportunity, sited on 5,691sqm of land in the heart of a coveted location! This remarkable property consists of a main dwelling boasting 3 bedrooms and 2 bathrooms, accompanied by 2 charming cottages, each featuring 2 bedrooms and 2 bathrooms. The total rental income is an impressive R28,900 per month, ensuring a lucrative return on your investment!
Key Features:
The main dwelling offers 3 bedrooms, 2 bathrooms, spacious kitchen, and open plan living/dining area, which opens out onto an expansive entertainment patio, boasting serene greenery views with an abundance of birdlife, nestled within a private and tranquil setting. Currently rented out at R12 500 p/m.
Cottage 1 offers 2 bedrooms, 2 bathrooms, open-plan living/dining area, fully fitted granite kitchen, storeroom and private covered patio. Complete with private parking and currently rented out at R8 200 p/m.
Cottage 2 offers 2 bedrooms, 2 bathrooms, open-plan living/dining area, fully fitted granite kitchen and private covered patio. Complete with a private driveway, parking area and currently rented out at R8 200 p/m.
Additional features include:
Prepaid Electricity Meters for Each Unit
Solar Geysers for Energy Efficiency
Two Separate Driveway Entrances
Prime Location to all Berea West Schools (Walking distance to Berea West Preparatory)
Expansive Back Garden with Potential for Further Development
Imagine owning a property that practically pays for itself, with tenants already in place and excellent rental history. The strategically installed prepaid electricity meters offer convenience and transparency for both you and your tenants, while the solar geysers contribute to a sustainable and cost-effective living environment.
Situated opposite the esteemed Berea West Preparatory School, this property offers the allure of prime location. Take pleasure in the nearness of Junior and Senior Primary Schools, Berea West Madrassah and Musallah, Shopping Centre’s, Medical Facilities, Sports Grounds, and easy access to Major Highways.
But that's not all – the expansive back garden holds immense potential for further development, allowing you to explore additional income streams or creative landscaping options.
Enjoy the convenience of hassle-free parking with secure open parking for 8+ vehicles. Whether you envision adding a garage, workshop, or even a detached office space, the abundant parking area provides the foundation for future expansion and upgrades. The two separate driveway entrances provide ease of access and enhance privacy for each unit.
Don't miss out on this golden investment opportunity! Contact us today to schedule a viewing and secure your future with this exceptional property.
Features
Interior
Exterior
Sizes
Extras
Air Conditioner • Shower Toiletand Basin • Guest Toilet • Built in Wardrobes • Granite Tops • Covered Patio • Driveway • Pantry • Laundry • Deck • Secure Parking • Balcony • Electric Gate • Flatlet • Granny Flat • Solar Geyser • Wendy HouseWestville, Durban
Get Email Alerts
Sign-up and receive Property Email Alerts of Houses for sale in Westville, Durban.
Disclaimer: While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa 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.
