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4a Nelson Ave, Cambridge, East London, Eastern Cape
R 1 495 000
This beautifully restored property currently generates a gross rental income of R19,100 per month. The main home, spanning 110 sqm, features two spacious bedrooms. The master bedroom includes a walk-in dressing room and an en-suite bathroom, contributing R8,650 monthly in rental income. The second bedroom is generously sized and is served by a large family bathroom. The extra-large lounge is a standout feature, complemented by a well-designed kitchen. The veranda opens onto a private garden, providing a tranquil outdoor space. Additionally, the property includes a separate 50 sqm two-bedroom flat with a lounge, compact kitchen, and bathroom, fully self-contained and generating R6,100 per month. There is also a 38 sqm one-bedroom flat featuring a lounge, raised kitchen, and en-suite bathroom, which earns R4,350 monthly. This property offers excellent rental returns and multiple income streams, making it a sound investment. It comfortably supports bond financing and represents a rare opportunity in the residential market. Consider the numbers carefully and make your decision.
Estimated monthly repayment
R 14 118
on a R 1 345 500 bond over 20 years at 11.25%
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4a Nelson Ave, Cambridge, East London, Eastern Cape
Listed by
Ralf Wittrowski
Trafalgar Property East London
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