This income-generating property is ideally located in a quiet cul-de-sac in Alek Close, Reservoir Hills, offering strong rental or student accommodation potential while still suitable for owner occupation. The property comprises three separate income-producing units, all with independent utilities, making it an excellent addition to any property investment portfolio. Main House (Owner Occupied or Rental) • 3 bedrooms with built-in cupboards • Main bedroom with en-suite • Family bathroom with separate toilet • Lounge and dining area • Fully fitted kitchen Granny Flat 1 • 1 spacious bedroom • Open-plan lounge • Bathroom • Own geyser • Prepaid electricity meter • Estimated rental income: ± R3,000 p.m. Granny Flat 2 • Large open-plan lounge and dining area • Kitchenette • Spacious bedroom with built-in cupboards • En-suite bathroom • Own geyser • Prepaid electricity meter • Estimated rental income: ± R4,000 p.m. Additional Investment Features • Potential gross rental income from flats: ± R7,000 p.m. (excluding main house) • Garage parking for up to 4 vehicles • Alarm system with monitoring • Swimming pool (currently empty – low maintenance option) • Ideal for student accommodation, extended family living, or multi-tenanted rentals This property offers flexibility, strong income potential, and long-term capital growth in a well-established area.
Purchase Price R 1 050 000
Building Size1388.00 m2
Type of PropertyHouse
Monthly Rates1200.00
Land Size2670.00 m2
Last Updated18 Jun 2026
Bedrooms5.0
Bathrooms4.0
Garages4.0
Carports1.0
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