House for sale
Flexible family- and investor-ready homestead in a convenient neighbourhood, offering steady rental income and an oversized kitchen. Includes separate 2-bed flat with private courtyard; six bedrooms, four bathrooms.
This property has an earning potential of R16350.00 per month.
The spacious 3-bedroom home offers great potential and charm, requiring some TLC but remaining functional and clean. The property features an oversized kitchen and scullery, which includes a convenient laundry area. The master bedroom is generously sized and boasts an en-suite bathroom, while the other two bedrooms share a large family bathroom. The cozy lounge is filled with natural light, creating a warm atmosphere perfect for enjoying beautiful afternoon sunsets. Currently, the owner earns R6,150 per month from renting this section.
Additionally, there is a newly painted 2-bedroom flat measuring 80 sqm. It benefits from its own private entrance and courtyard, with access to a shared driveway. This flat generates a rental income of R5,800 per month.
The smaller 1-bedroom flat features an open-plan kitchen, dining, and lounge area, along with its own courtyard. It currently earns R5,400 in rental income.
After covering bond repayments and municipal rates, this property still provides a healthy cash flow. There is also the option to integrate the larger flat into the main house by opening a passageway, transforming the homestead into a 5-bedroom, 3-bathroom residence with two kitchens and two lounges.
This versatile property presents many possibilities. Contact me today to arrange an exclusive viewing.
Listed for sale at R1,095,000
Price reduced by 1.8% to R1,075,000
How does this home’s price compare with similar properties?
Price comparison based on 12 similar-sized 5+ bed homes.
Insight
Priced 62% below the local median - and below the typical range across East London.
Compared with 12 similar homes (13 listings) across East London.
The lower price may partly reflect the smaller floor size. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages - check with the agent for local guidance.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Highgate is a quiet, well-established residential suburb in East London that offers families and professionals a peaceful suburban lifestyle with convenient access to the city's primary commercial and coastal amenities.
