R 1 695 000 | 3 bed property for sale in escombe

Calling all investors and renovators! This exceptional property offers a rare opportunity to secure two adjoining ERF`S measuring a total of 2068 sqm for one price, making it a fantastic investment with huge potential for redevelopment, rental income, or a multi-family living setup. Perfectly positioned on an elevated stand above road level, the property enjoys added privacy while being conveniently located close to the main road, shops, schools, the Malvern Police Station, and other essential amenities. The main dwelling is a charming older-style character home offering 3.5 bedrooms with built-in cupboards, 2 bathrooms, a fitted kitchen, and an open plan lounge and dining area. A welcoming front porch adds to the home’s character and provides a pleasant space to relax. With a bit of modernisation, this home could easily be transformed into a beautiful family residence while still maintaining its classic appeal. The property also includes a second dwelling, which features 2 bedrooms and 1 bathroom in a duplex-style layout. While it does require a makeover and has a basic kitchen, the unit has great potential. The upstairs bedrooms open out toward the well-maintained back garden and pool area, creating a lovely setting once restored. In addition, there is a third dwelling that has unfortunately been damaged during a storm, offering the opportunity for renovation or redevelopment depending on your vision. A fourth smaller dwelling, currently suitable as a teen pad, consists of a standard room and bathroom and could easily be used for extended family, staff accommodation, or additional rental income. With four dwellings on one expansive property, loads of space, and incredible development potential, this is truly a value-packed investment opportunity waiting for the right buyer to unlock its full potential. A little imagination and renovation could turn this property into a rewarding income generator.