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Highgate, Highgate, East London, Eastern Cape
R 1 075 000
This property has an earning potential of R16350.00 per month. The spacious 3-bedroom home offers great potential and charm, requiring some TLC but remaining functional and clean. The property features an oversized kitchen and scullery, which includes a convenient laundry area. The master bedroom is generously sized and boasts an en-suite bathroom, while the other two bedrooms share a large family bathroom. The cozy lounge is filled with natural light, creating a warm atmosphere perfect for enjoying beautiful afternoon sunsets. Currently, the owner earns R6,150 per month from renting this section. Additionally, there is a newly painted 2-bedroom flat measuring 80 sqm. It benefits from its own private entrance and courtyard, with access to a shared driveway. This flat generates a rental income of R5,800 per month. The smaller 1-bedroom flat features an open-plan kitchen, dining, and lounge area, along with its own courtyard. It currently earns R5,400 in rental income. After covering bond repayments and municipal rates, this property still provides a healthy cash flow. There is also the option to integrate the larger flat into the main house by opening a passageway, transforming the homestead into a 5-bedroom, 3-bathroom residence with two kitchens and two lounges. This versatile property presents many possibilities. Contact me today to arrange an exclusive viewing.
Estimated monthly repayment
R 10 152
on a R 967 500 bond over 20 years at 11.25%
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Highgate, Highgate, East London, Eastern Cape
Listed by
Ralf Wittrowski
Trafalgar Property East London
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