Property description

Welcome to a lucrative investment opportunity nestled in the highly sought-after Allenby Estate. This expansive property offers not only a spacious 4-bedroom main house but also a fully tenanted 4-bedroom flatlet, presenting a unique chance to generate rental income while enjoying comfortable living.

Main House:
Step inside the main house to discover a haven of comfort and style. Boasting four well-appointed bedrooms, including a serene master suite, this residence offers ample space for families or individuals seeking a tranquil retreat. The open-plan living area is perfect for both relaxation and entertainment, while the modern kitchen is equipped with top-of-the-line appliances and generous storage space.

Flatlet:
Adjacent to the main house, the fully tenanted flatlet presents an attractive rental opportunity. With four bedrooms, it provides comfortable accommodation for tenants, generating a steady monthly income of R10,000.00 on a month-to-month basis. Moreover, should you choose to rent out the main house as well, the potential rental income increases to R21,000.00 per month, maximizing your investment return.

Expansive Erf:
Situated on a generous erf spanning 844 square meters, this property offers ample outdoor space for relaxation, recreation, or future expansion possibilities. Whether you envision creating additional rental units or enhancing outdoor amenities, the potential for long-term growth and value appreciation is undeniable.

Location:
Located in the desirable Allenby Estate, residents will enjoy easy access to a wealth of amenities, including schools, shopping centers, restaurants, and recreational facilities. With convenient transportation links and a vibrant community atmosphere, this neighborhood offers an exceptional quality of life for both residents and tenants alike.

Investment Aspect:
This property presents a rare opportunity for investors seeking a stable income stream and long-term appreciation potential. With two separate dwellings and the flexibility to rent out either or both units, you have the freedom to maximize rental income while diversifying your investment portfolio. Whether you're a seasoned investor or a first-time buyer looking to offset mortgage costs, this property offers a compelling proposition for financial growth and stability.

Don't miss out on the chance to capitalize on this lucrative investment opportunity in Allenby Estate. Schedule a viewing today and unlock the potential of this versatile property!