About this property

1 main house with 2 flatlets! This LONG-TERM INVESTMENT PROPERTY is situated in Eastend Main House: Layout: The main house features a comfortable two-bedroom layout, each with its en-suite bathroom. This setup provides privacy and convenience for occupants. Amenities: The main house is equipped with a prepaid meter, offering flexibility and control over utility expenses. Additionally, it has its geyser, ensuring hot water availability without relying on shared resources. Rental Potential: The main house can generate rental income from tenants seeking a cozy and private living space, appealing to small families, couples, or professional flatlets: •Accommodation: At the back of the property, there are two separate flatlets, each boasting two bedrooms and a shared bathroom. This configuration accommodates larger households or individuals seeking shared living arrangements. •Income Potential: The two flatlets present additional income opportunities, catering to tenants looking for affordable yet spacious accommodations. The potential rental income from these units contributes significantly to the property's overall revenue stream. Demand: Given the increasing demand for rental properties, especially those offering multiple units, the flatlets are likely to attract tenants quickly, ensuring consistent rental returns for investors. Additional Features: Water Supply: The property is equipped with a JoJo tank connected to a borehole, offering a reliable and cost-effective water supply. This feature mitigates dependency on municipal water, reducing operational expenses and enhancing the property's resilience to water shortages. Parking: Covered parking space is available on-site, providing tenants with secure and convenient parking facilities. This amenity adds value to the property, particularly in areas where parking is limited or expensive. Rental Income: With an approximate monthly income of R14,000 from the flatlets ONLY, the property offers a promising return on investment. Investors can expect steady cash flow and favorable rental yields, making it an attractive investment opportunity. Conclusion: Overall, this property presents an enticing investment opportunity for savvy investors seeking consistent rental income and long-term appreciation. Its versatile layout, convenient amenities, and steady cash flow potential make it a valuable addition to any investment portfolio in the real estate market