House for sale
Enjoy reliable rental income and flexible family living in Rosemount, East London — well-established suburb with three separate dwellings and a pool awaiting restoration.
Situated in the well-established suburb of Rosemount in East London, this versatile investment property offers a solid rental return with a total monthly income of R12,000 generated from the main house and two separate cottages. Fully tenanted and income-producing, this property presents an ideal opportunity for investors seeking stable returns and future growth potential.
The main house offers comfortable family living with three spacious bedrooms, all fitted with wooden flooring and built-in cupboards. The property includes two bathrooms, with the main en-suite featuring a shower, toilet, and basin, while the second bathroom is fully equipped with a bathtub, toilet, and basin, providing convenience for family use and guests.
The kitchen is neatly finished with tiled flooring and built-in cupboards, offering practical storage and a functional layout for everyday cooking. The kitchen flows into an open-plan dining and lounge area, creating a relaxed and spacious living environment that enhances the home’s overall comfort and usability.
In addition to the main residence, the property includes two separate one-bedroom cottages, each designed for independent living. Both cottages feature an open-plan kitchen and lounge area, a private bedroom, and a bathroom fitted with a shower, basin, and toilet. These units add significant value to the property, allowing for multi-tenancy and consistent rental income.
The combined rental income from the main house and both cottages totals R12,000 per month, ensuring immediate cash flow for the new owner. This makes the property particularly attractive for buy-to-let investors or buyers looking to offset bond repayments through rental income.
Externally, the property is set on a large yard with ample open space, offering excellent potential for future expansion or additional development. A swimming pool is also present on the property, currently requiring some TLC, but it presents an opportunity to add further lifestyle appeal and value once restored.
Overall, this is a well-located, income-generating property with multiple accommodation units, strong rental demand, and room for future improvement.
Listed for sale at R1,300,000
Wide price range across East London
Prices vary widely across East London, so a like-for-like comparison isn't reliable for this home.
Below the typical range for East London.
Market depth
75 similar homes
80 listings across East London
110 days
Median time on market
Many similar homes
Active across East London
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Rosemount is a tranquil and well-established residential suburb in East London that offers residents a peaceful suburban lifestyle with convenient access to the city's essential amenities and coastal attractions.
