House for sale
Income-driven living with flexible rental options in a central, amenity-rich neighbourhood; includes an outside building with five en-suite bachelor units, ample parking, 11 bedrooms, 10 bathrooms and five covered bays.
Calling all investors! This property presents an excellent opportunity to generate rental income, with some TLC needed to unlock its full potential and make it your own.
The property currently offers the following rental opportunities:
Main House – Upstairs:
Main House – Downstairs:
Outside Building:
Current Rental Income: Approximately R17,500 per month
Potential Rental Income: Approximately R27,000 per month once all vacant rooms are tenanted.
The property also offers ample parking space, making it an attractive opportunity for tenants and investors.
With some TLC and the right improvements, this property has excellent potential to become a strong income-generating investment.
Don’t miss out on this great investment opportunity. Contact me today to arrange a viewing and explore the potential this property has to offer.
Listed for sale at R2,849,000
How does this home’s price compare with similar properties?
Insight
Priced 37% below the local median - at the lower edge of the typical range in Meer En See.
Compared with 11 5+ bed homes (16 listings) in Meer En See.
It's priced below similar homes, which may reflect condition, position or finishes.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Meer En See is a tranquil, upscale coastal suburb in Richards Bay, highly sought after for its proximity to pristine beaches, lush nature reserves, and a relaxed family-oriented lifestyle.
