3 bedrooms, 2 bathrooms, 2 garages on 983 m² with flatlets and ocean views in St Michaels.
This spacious family home, situated in St Michaels, with amazing ocean views offers everything you need for comfortable coastal living with a lucrative rental income. As you enter the main house, into a welcoming entrance hall, you will find on the right wing, 3 spacious bedrooms and 2 modern bathrooms, the main bedroom, with an abundance of cupboard space, has the bathroom en-suite and a second bathroom, strategically placed, caters for the 2 remaining bedrooms. There is also a homely TV room with a feature fireplace, offering you cosy private evenings. The left wing of the home gives you open plan living, with a large lounge, informal dining and a beautiful modern kitchen with top of the range cabinetry and sleek granite work surfaces. These areas flow, through double volume sliding doors, to an outside patio and pool area with beautiful views over the Indian Ocean. To the right of the patio there is an enclosed entertainment area, with a built-in braai, so come rain or sunshine entertaining is a breeze.
To the rear of the home there are 3 flatlets, two of which are already bringing in an income, the 3rd flatlet is often let out as holiday accommodation.
Flat 1..
Spacious bedroom, sitting area, well equipped kitchen and private bathroom.
Flat 2..
Bedroom, bathroom and kitchenette.
Flat 3..
Bedroom, bathroom and kitchen counter...
The property is secured with a perimeter wall, automated gate access and a double garage with lots of extra secure parking. 2 x 5000lt water tanks, taking care of any water issues and solar panels for energy efficiency. There is also a large utility room currently used as a laundry and scullery area.
Listed for sale at R2,200,000
Price increased by 8.9% to R2,395,000
Price reduced by 8.4% to R2,195,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 85 listings in Margate (town)
Insight
Priced above the median for similar properties in the area.
Benchmark uses town-level data where suburb sample size is limited. Premium areas may trade above town averages - check with the agent for local guidance.
Similar properties pricing
Affordability
R 21,547 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
85 similar listings
High similar-home inventory town-wide (Margate)
Median time on market: 154 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
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