This charming 3-bedroom house in Mount Croix offers a unique blend of classic elegance, modern convenience, and exceptional investment potential. With three income-generating flats that collectively yield over R13,000 per month, this property is an excellent opportunity to offset your bond costs while enjoying a spacious family home.
Main House Features
Timeless Charm: Solidly built with beautiful wooden floors, high ceilings, and a welcoming enclosed front stoep.
Spacious Living: Includes a dining room, a sunny lounge with built-in wall units, and a fully tiled kitchen featuring an eye-level oven, hob, and ample cupboard space.
Comfortable Bedrooms: Three well-proportioned bedrooms, two with built-in cupboards, offering plenty of storage.
Functional Design: A bathroom with a toilet basin and bath and a separate toilet ensure convenience, with an additional dedicated laundry area.
The home is nestled in a tranquil, enclosed garden filled with fruit trees, creating a private space for your family. Located close to Erica Girls’ Primary School, Mount Croix Pre-Primary, Grey and Collegiate High Schools and just 750m from Five Ways Spar.
Income-Generating Flats
Flat 1: A spacious unit with a living room, kitchen, bedroom, and bathroom, currently rented for R4,900/month.
Flat 2: Includes a bedroom, bathroom, and combined kitchen/lounge, earning R4,800/month.
Flat 3: A bachelor flat with a main room, kitchen, and bathroom, bringing in R3,800/month.
Each flat has a separate entrance, pre-paid electricity meters, and geyser meters, ensuring ease of management and minimal interference with the main house.
Investment and Lifestyle Opportunity
This property offers the perfect blend of a comfortable family home and a reliable income stream. While some TLC is needed to restore the home’s full sparkle, you can live in the main house and renovate at your own pace. With ample parking within the fully fenced yard and a prime central location, it’s a hidden gem with unmatched potential.
Viewing is by appointment only. Don’t miss this rare opportunity to own a versatile property that pays for itself!
While every effort is made to ensure that the details provided are accurate they are not guaranteed and do not form a part of any contract.