House for sale
Coastal family retreat with income potential near shops and restaurants, wrap-around balcony with distant Indian Ocean views, large garden and three garages; three bedrooms and two bathrooms.
Sitting proudly on 2 173m2 you will find this lovely 3-bedroom family home with so much character. The main living areas, consisting of a spacious lounge, with character fire place, and a baronial dining room with access to an amazing wrap around balcony giving distant views out over the Indian Ocean. A semi open plan kitchen services these areas with ease, an informal breakfast bar, ample work surfaces and an abundance of cherrywood cabinetry are a few of the tributes this kitchen offers.
3 very spacious bedrooms and 2 bathrooms, the main bedroom has a convenient full en suite, and the 2nd bathroom services the remaining 2 bedrooms. Lovely bright airy rooms with distant Ocean views complete the picture of this character filled family home.
The big bonus is the income generating potential this coastal gem has to offer!!!!
Entry level:
What once was referred to as the boat house. Now a self-contained 3 bedroom cottage.
Middle level:
1x 2-bedroom flat
2x 1 bedroom flat
3x Bachelor flat.
A further investment opportunity on the upper level of the property, with its own access gate, is a 3-bedroom A frame cottage, the cottage is in need of some level of restoration, but the potential is endless...
There is automated gate access to the property, 3 single garages, a large store or tool room, and a rain water collection tank. Within walking distance to shops, restaurants and all necessary amenities makes this a very investible area.
Lots of care and heart has gone into this home, which the current owner feels is becoming too much for Her to handle, but would love to hand over this great lifestyle opportunity to some one who could utilise the opportunity to its full potential.
This property has to be seen to appreciate the extent of the endless potential and room for growth on offer. An opportunity to live at the coast while being financially supported... A savvy investment!!!!!
Listed for sale at R2,450,000
Price reduced by 6.9% to R2,280,000
Compared with 17 active listings in Margate Central.
Insight
Priced 65% above the local median — and above the typical range for Margate Central.
Buyers should compare condition, position, views, finishes and floor size before deciding.
Similar properties pricing
Market depth
17 listings
Similar homes in Margate Central
146 days
Median time on market
Medium inventory
Active in Margate Central
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Margate Central offers a vibrant coastal lifestyle characterized by its iconic blue-flag beaches, bustling holiday atmosphere, and convenient access to essential amenities, making it an ideal location for those seeking a relaxed seaside home.
