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
How does this home’s price compare with similar properties?
Price comparison based on 10 similar-sized 5+ bed homes.
Insight
Priced 35% below the local median - and below the typical range across Margate.
Compared with 10 similar active listings across Margate.
It sits below similar homes even on a price-per-m² basis - condition, position or finishes may explain the gap. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages - check with the agent for local guidance.
Around R2.2M typical in Margate Central (small sample of 2).
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.
