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Flexible living with steady rental income in a convenient, community-focused location — expansive yard and six income-producing flatlets plus spaza shop. Main house: three bedrooms, one bathroom, carport.
Discover a unique investment opportunity with this exceptional property that promises both comfort and income potential. This versatile estate features a spacious main house alongside multiple income-generating flatlets, all set within an expansive yard.
The main house offers three bedrooms and includes a closed kitchen, a cozy living area, and a bathroom complete with a bathtub. The house also includes a carport for convenient parking. Additional storage space is provided on the side of the house, perfect for storing toys and other unused items.
Complementing the main residence are six flatlets, each contributing to the property's impressive rental income. The breakdown is as follows:
- Two flatlets currently rented at R1,600 each, sharing an outside toilet.
- Two flatlets rented at R2,000 each, equipped with private inside toilets.
- One flatlet rented at R2,400, featuring its own toilet and shower.
- One flatlet rented at R2,600, also complete with a toilet and shower.
The property also includes a spaza shop, currently rented for R1,000 per month. The two-bedroom main house is rented for R5,200 monthly, with one room occupied by a caretaker.
In total, this property generates an impressive monthly income of R18,400. Don't miss your chance to secure this lucrative investment. Contact Dunamis Properties today to schedule your viewing and take the first step toward making this opportunity your own.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,200,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 213 listings in Midrand (town)
Insight
Priced below the median for similar properties in the area. On a price-per-m² basis, it is 65% below the median. Floor size is 39% larger than typical for similar homes.
Similar properties pricing
Key differences
Affordability
R 11,780 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
213 similar listings
High similar-home inventory town-wide (Midrand)
Median time on market: 150 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
Ebony Park is a developing residential area offering affordable housing options and a community-oriented lifestyle, appealing to families and individuals seeking a convenient location within the Midrand area.
* Distances and amenities are approximate.
