Income Generator! Spacious Home With Flatlets for Sale in Margate, KZN

Set on an expansive 2,173m2 stand, this charming 3-bedroom double-story home offers it`s own unique style and also has an investment bonus of exceptional income-generating potential in the heart of Margate.

The main house features a welcoming tiled lounge that showcases beautiful exposed rafters and a rustic stone-clad built-in masonry fireplace adding natural texture and charm that compliments the coastal setting.

Flowing on from the lounge is an elegant tiled dining room that opens onto a superb wraparound balcony—the perfect place to sit back with a cup of something tasty and enjoy elevated views stretching toward the Ocean. The tiled Kitchen is semi-open, nestled just off the lounge & dining room and is spacious featuring ample cupboard space and countertop availability for those large family dinner parties. It also offers a breakfast counter, built in electric oven with a gas hob and rich Cherrywood cabinetry that adds timeless appeal.

All three bedrooms are filled with natural light and comfortably sized, feature ample built in cupboard space, and are complemented by two well-appointed bathrooms. The main bedroom includes a full en-suite, while the second bathroom serves the remaining rooms. Soft sea views and airy interiors make this an inviting coastal retreat.

A Standout Income Property With Multiple Units

This property offers an impressive array of rental options across several levels:

Lower Level:

Formerly the boat house—now a fully functional 3-bedroom cottage.

Middle Level:

One 2-bedroom flat

Two 1-bedroom flats

Three bachelor units

Upper Level:

A separate-access 3-bedroom A-frame cottage, ready for renovation and brimming with future potential.

Additional extras include an automated gate, three single garages, a spacious tool/store room, and a rainwater collection tank. The home is ideally positioned within walking distance of shops, restaurants, and everyday conveniences—making it highly appealing for both long-term tenants and holiday accommodation seekers.

Whilst this property has been loved and meticulously cared for over the years, it is a little tired and in need of new life and renovation. The current owner is ready to pass this unique lifestyle and investment opportunity on to someone who can fully maximize its potential and turn it into the spectacular investment that it is capable of.

It is a rare find to be able to live at the coast while your property pays for itself. This is an investment you simply have to experience in person to appreciate its scale and possibility.