4 Bedroom House in Bulwer

Prime Investment Property | Multiple Income Streams | Upmarket LocationOriginally a single residential home, this property has been thoughtfully converted into multiple self-contained units, offering excellent rental returns and future development potential.Property Breakdown:Main Unit 2 Bedroom:Spacious open-plan living area incorporating loungeTV room, dining area and kitchen.The kitchen opens via double glass doors into a covered courtyard, ideal for private outdoor living.Bathroom includes a corner spa bath, hand basin and toilet.Both bedrooms feature built-in cupboards.Two Separate 1-Bedroom Units:Each unit has its own private entrance, kitchenette, lounge area, bedroom and bathroom fitted with a shower perfect for independent tenants.Bachelor Flatlet:Converted from the original garage into a long, open-plan, fully self-sustaining bachelor unit, located next to the main house.Additional Features:Large yard with parking space for up to 10 vehiclesSituated in an upmarket areaCurrent rental income: R25,000 per monthLow vacancy appeal due to unit mix and locationDevelopment Potential:The property may also appeal to developers, as there is a block of flats at the back. Vertical expansion could be explored, subject to necessary permissions and neighbour approvals.Reverting the property back into a single residence is possible but would require additional investment making this an ideal buy-and-hold income property.Ideal for investors seeking strong returns, flexibility, and future upside. Show more Show less