| Classic 3-Bedroom Family Home with Income-Generating Flats in Mount Croix |
Property Overview
This classic 3-bedroom family home offers both timeless charm and exceptional investment potential, making it an ideal choice for both family buyers and savvy investors. The property includes three income-generating flats, currently yielding over R13,000 per month, which can significantly offset your bond payments. Situated in a prime location near local schools and shopping, this property presents an excellent opportunity to enjoy spacious family living while benefiting from a steady rental income.
Main House Features
Spacious Living: The home features large rooms with high ceilings and beautiful wooden floors, providing a warm, inviting atmosphere.
Living Areas: A dining room and a sunny lounge with built-in wall units.
Kitchen: Fully fitted with an eye-level oven, hob, and ample wooden cupboards, leading to a dedicated laundry area.
Comfortable Bedrooms: Three generously sized bedrooms, all with built-in cupboards, providing plenty of storage space.
Bathroom: A full bathroom with separate toilet for convenience.
Additional Highlights:
Enclosed sunroom providing extra space to relax.
Enclosed garden with fruit trees, creating a private and tranquil outdoor space.
Secure parking with ample space for multiple vehicles.
Location Benefits:
Within walking distance of Erica Girls’ Primary and Mount Croix Pre-Primary Schools.
Just 750 meters from Five Ways Spar for convenience.
Close to major routes and well-established schools, including Grey and Collegiate High Schools.
Income-Generating Flats
Flat 1
Size: Spacious one-bedroom unit with an open-plan lounge, kitchen, and bathroom.
Current Rent: R4,900/month.
Flat 2
Size: A one-bedroom flat with an open-plan kitchen and lounge, plus a bathroom.
Current Rent: R4,800/month.
Flat 3
Size: Bachelor flat with a main room, kitchen, and bathroom.
Current Rent: R3,800/month.
Each flat features separate entrances, pre-paid electricity meters, and geyser meters, ensuring ease of management and minimal interference with the main house.
Investment Potential
Total Monthly Income: R13,500+ from the three flats.
Versatile Property: Whether you’re looking to live in the main house and enjoy the rental income or refurbish the property for long-term value growth, this home offers both lifestyle and investment benefits.
Room for Growth: Some TLC is needed to restore the home’s original charm, but this is a chance to renovate and increase the property’s value at your own pace.
Why Invest in This Property?
Income Generation: Over R13,000 per month from fully-tenanted flats.
Prime Location: Close to schools, shops, and transport routes.
Long-Term Potential: With some minor renovations, this property can offer significant returns in both rental income and capital appreciation.
Lifestyle & Convenience: Live comfortably in the main house while your investment works for you.
This property is a hidden gem in the highly sought-after Mount Croix area. Whether you’re an investor seeking a reliable income stream or a family looking for a spacious home with potential, this opportunity is not to be missed.
ERF Size 714 m²
Building Size 237m²
Rates R1,097 per month
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Morgan Whitfield
c. 0832911100
morgan.whitfield@rawson.co.za
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