R1,795,000
R1,795,000
Monthly Rates
R1,323.07
Total
R1,323.07
Exceptional Property with Income Potential – Perfect for Professionals!
Web Ref.
CLS4046
Investment Opportunity with Dual Living and Income Potential!
This well-secured, meticulously maintained property offers not only comfortable living but also a unique investment opportunity with significant income potential. Ideally situated in a peaceful cul-de-sac, this property boasts a main dwelling, a spacious one-bedroom cottage, and four income-generating units, making it perfect for business ventures, rental investments, or professional offices.
Main Dwelling:
Generously sized living room, with ample space for lounge and dining furniture
Fully equipped kitchen featuring granite countertops, space for a double-door fridge and bar fridge, Bosch Ceran hob, under-counter oven, Defy cooker hood, and LED strip lighting
Two beautifully carpeted, air-conditioned bedrooms with built-in cupboards; the master bedroom includes an en-suite bathroom with a shower
Spacious office/study with built-in cupboards, a large worktop, and secure access to the garden—ideal for a home office or consulting room
Additional features include a fitted alarm system, smoke detector, large storage cupboard, and outdoor tiled verandah with a built-in braai for entertaining
Outdoor Features:
A 38-square-meter automated garage with a workbench, plumbing for laundry, and additional storage
Two driveways with ample parking, enhanced by automatic exterior lights
Private front garden and secure access throughout the property
Income-Generating Units:
The property includes four lettable units, offering a total rental yield of R17,000 per month:
Two single rooms with built-in cupboards, kitchen sinks, and shared bathroom facilities (R2,800 per month each)
Bachelor unit with a shower bathroom (R3,700 per month)
One-bedroom cottage (70 sqm) featuring a lounge, kitchen, and two bathrooms (R5,700 per month, including utilities)
All units are equipped with shared facilities such as a DSTV dish, communal wash-line, and solar panels for hot water.
Commercial Potential:
With business rights obtainable, this property is perfect for those looking to convert it into professional offices, medical consulting rooms, or other business ventures. The proximity to an already established business premises and multiple driveways ensures convenience and visibility for clients or customers.
Investment Potential:
Whether you're looking for a multi-generational home or an investment with significant rental returns, this property offers the best of both worlds. The potential for R17,000 monthly rental income from the lettable units combined with a comfortable and well-appointed main dwelling makes this an exceptional opportunity.
Don’t miss out on this versatile, well-priced property! Contact us today to schedule a viewing—by appointment only.
This version highlights the investment and commercial potential, appealing to both residential and business-minded buyers.
This well-secured, meticulously maintained property offers not only comfortable living but also a unique investment opportunity with significant income potential. Ideally situated in a peaceful cul-de-sac, this property boasts a main dwelling, a spacious one-bedroom cottage, and four income-generating units, making it perfect for business ventures, rental investments, or professional offices.
Main Dwelling:
Generously sized living room, with ample space for lounge and dining furniture
Fully equipped kitchen featuring granite countertops, space for a double-door fridge and bar fridge, Bosch Ceran hob, under-counter oven, Defy cooker hood, and LED strip lighting
Two beautifully carpeted, air-conditioned bedrooms with built-in cupboards; the master bedroom includes an en-suite bathroom with a shower
Spacious office/study with built-in cupboards, a large worktop, and secure access to the garden—ideal for a home office or consulting room
Additional features include a fitted alarm system, smoke detector, large storage cupboard, and outdoor tiled verandah with a built-in braai for entertaining
Outdoor Features:
A 38-square-meter automated garage with a workbench, plumbing for laundry, and additional storage
Two driveways with ample parking, enhanced by automatic exterior lights
Private front garden and secure access throughout the property
Income-Generating Units:
The property includes four lettable units, offering a total rental yield of R17,000 per month:
Two single rooms with built-in cupboards, kitchen sinks, and shared bathroom facilities (R2,800 per month each)
Bachelor unit with a shower bathroom (R3,700 per month)
One-bedroom cottage (70 sqm) featuring a lounge, kitchen, and two bathrooms (R5,700 per month, including utilities)
All units are equipped with shared facilities such as a DSTV dish, communal wash-line, and solar panels for hot water.
Commercial Potential:
With business rights obtainable, this property is perfect for those looking to convert it into professional offices, medical consulting rooms, or other business ventures. The proximity to an already established business premises and multiple driveways ensures convenience and visibility for clients or customers.
Investment Potential:
Whether you're looking for a multi-generational home or an investment with significant rental returns, this property offers the best of both worlds. The potential for R17,000 monthly rental income from the lettable units combined with a comfortable and well-appointed main dwelling makes this an exceptional opportunity.
Don’t miss out on this versatile, well-priced property! Contact us today to schedule a viewing—by appointment only.
This version highlights the investment and commercial potential, appealing to both residential and business-minded buyers.
Features
Zoning
Interior
Sizes
Additional Amenities
Glenwood, Durban
Westville is a lush, leafy suburb situated 10 km inland from the Durban CBD. Its close proximity to excellent schools, business and shopping complexes and sports facilities makes it an ideal place to reside. A brief history of the area The area was named Westville in honour of Martin West, the first Lieutenant Governor of Natal. Until the early 1920s, Westville was a farming area with the first schools and stores established in 1877. The location offered charm and natural beauty that you can still see in the area today. Distance from key points The distance from Westville to King Shaka International Airport is 40,1 km (31 minutes away) via the N2 and residents can reach the Durban beachfront within 15 minutes (12,1 km) via the...
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Total Amount Repayable
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Monthly Repayment
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