Situated in Clare Estate, this well-appointed multi-unit property presents an exceptional opportunity for investors, particularly in the student accommodation or co-living market. The property currently generates in excess of R25 000 per month from private leasehold tenancies, with excellent potential to increase returns. Main Residence: • Large 3-bedroom home with built-in cupboards • Spacious lounge and dining area • Massive fitted kitchen with laundry and storeroom • 2 bedrooms fitted with student workstations Additional Income-Generating Units: • 3 x 2-bedroom flatlets (each with bathroom facilities) • 5 x single-bedroom units • All units equipped with prepaid electricity meters Additional Features: • Automated double garage • Open parking for 6 to 8 vehicles • Fully fenced and secure property This versatile property offers a well-balanced mix of communal and private living spaces, making it ideal for maximizing rental income in a high-demand area. A true income-generating powerhouse with strong growth potential. Contact Me for Private Viewing
Purchase Price R 2 300 000
Building Size348.00 m2
Monthly Rates1150.00
Type of PropertyHouse
Land Size900.00 m2
Pets AllowedYes
Last Updated05 Aug 2026
Study1.0
Laundry1.0
Flatlet3.0
Kitchen1.0
Bedrooms13.0
Bathrooms10.0
Lounges1.0
Dining Room1.0
Patio1.0
Outdoor Living[ "Plaster" ]
Garages2.0
Carports10.0
SecurityYes
Roofing[ "Tile" ]
Flooring[ "Tiles" ]
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