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Enjoy passive income in vibrant Musgrave with an established shared-accommodation business — modern five-bedroom main house, tenanted cottage, swimming pool and remote-controlled three-car garage.
Turnkey Investment Opportunity in Musgrave! 🏠💰
5-Bedroom Income Generating Property with Established Business
Seize this fantastic investment opportunity in Musgrave! This 5-bedroom house is not just a home, but a thriving business generating income. With a modern main house and a tenanted cottage, this property is perfect for investors seeking a hassle-free rental business.
Main House:
- 5 spacious bedrooms with built-in cupboards
- 2 separate bathrooms and toilets
- Modern kitchen with appliances
- Large sitting room with TV and fibre WiFi
- Swimming pool and generous yard
- Remote-controlled garage for 3 cars
Cottage:
- Spacious bathroom and kitchen
- Built-in cupboards and study desk
- Prepaid electricity meter
- Own yard space for privacy
Income Potential:
- Total Monthly Income: R35,950
Includes:
- All furniture, appliances, and equipment
- Established shared accommodation business
- Energy-efficient heat pump and CCTV security system
Listed for sale at R2,200,000
Price reduced by 4.5% to R2,100,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 81 listings in Durban (town)
Insight
Priced below the median for similar properties in the area. On a price-per-m² basis, it is 58% below the median. Floor size is 91% larger than typical for similar homes.
Similar properties pricing
Key differences
Affordability
R 20,615 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
81 similar listings
High similar-home inventory town-wide (Durban)
Median time on market: 102 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
Calculate your moving costs to Musgrave with the help of our moving partners.
Musgrave is an established, affluent suburb offering a blend of residential tranquility and convenient access to Durban's urban amenities, making it ideal for families and professionals seeking a sophisticated lifestyle.
* Distances and amenities are approximate.
