Live comfortably and earn rental income in this versatile double-storey home, well-positioned near schools and shops, featuring entertainment spaces, indoor and outdoor braai, plus four self-contained flatlets.
Spacious Double-Storey Property with Income-Generating Flatlets & Expansion Potential
This versatile and well-positioned property offers the perfect blend of comfortable family living and excellent investment opportunity. Situated on a divided erf, the property features a spacious 4-bedroom double-storey main house together with 4 separate flatlets, making it ideal for extended families or rental income generation.
The main house boasts a welcoming open-plan layout with a modern kitchen, an additional enclosed kitchen area, a spacious lounge, and a dedicated entertainment room perfect for hosting family and friends. Enjoy year-round entertaining with both an indoor braai area as well as an outdoor braai space. The home includes 3 well-sized bathrooms fitted with both baths and showers for added convenience, along with 3 parking bays.
At the rear of the property, you will find 4 flatlet units:
* 3 x one-bedroom units
* 1 x spacious two-bedroom unit with parking
Each flatlet is equipped with its own kitchen and bathroom, offering privacy and comfort for tenants or guests.
Adding even more value, the approved plans include the opportunity to build 2 additional units, creating exceptional future income potential for investors or developers.
This is a rare opportunity to secure a multi-functional property with space, comfort, and outstanding investment possibilities all in one.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R2,300,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 60 listings in Gqeberha (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Market depth
60 similar listings
High similar-home inventory town-wide (Gqeberha)
Median time on market: 143 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Bridgemeade is a peaceful, family-oriented residential suburb in Gqeberha that offers a tranquil suburban lifestyle with convenient access to major arterial routes and essential local amenities.
* Distances and amenities are approximate.