House for sale
Tropical coastal living in central Margate with lush gardens and a central pool and undercover entertainment patio; versatile 7-bed, 7-bath property with five self-contained income studios.
Positioned in the heart of lush, tropical Margate, this expansive 7-bedroom, 7-bathroom property offers immense potential for investors, developers, or buyers seeking dual-living with immediate rental yield.
Formerly operated as a successful guest house, the residence currently functions as a main homestead with five self-contained studio flats.
While the property requires cosmetic upgrades and targeted renovation, its scale, layout, and solid structural footprint provide an ideal canvas to unlock substantial market value.
Property Layout & Existing Configuration
Main Residence: 2 bedrooms, 2 bathrooms, open-plan living and dining area, and main kitchen setup. Income-Generating Units: 5 Independent bachelor flats, each fitted with its own kitchenette and bathroom- perfect for long-term lets, holiday rentals, or Airbnb.
Grounds & Outdoor Space: Central swimming pool flanked by an under cover entertainment patio, set amidst established tropical greenery.
Parking & Logistics: Ample off-street parking accommodating multiple tenant or guest vehicles for easy access.
Key Features & Breakdown: Total Accommodation7 Bedrooms / 7 Bathrooms (2 Bed Main House + 5 Bachelor Flats)
Property Condition: Fixer-Upper/Value-Add Renovation. Previous Guest House.
Outdoor Amenities: Swimming pool, entertainment patio, mature tropical garden, Parking generous off-street parking capacity.
Investment Potential: Whether you choose to maintain the current setup to enjoy immediate multi-tenant rental income while updating unit by unit, or execute a complete overhaul to reinstate a grand coastal guest house, this property delivers scale, location, and versatility in one package.
Contact me today for a private viewing of this income generating property—serious seller.
Negotiable.
Listed for sale at R1,700,000
Wide price range across Margate
Prices vary widely across Margate, so a like-for-like comparison isn't reliable for this home.
Market depth
13 listings
Similar homes town-wide
Low inventory
Active across Margate
MyProperty 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 for permanent residents.
