Townhouse for sale
Enjoy relaxed coastal living on the Muizenberg and Lakeside border in quiet Chester Close, featuring a flexible dual-unit setup for strong rental income and sweeping mountain views.
Exclusive Sole Mandate | Wallett and Finch Properties
Asking R 2 699 000.00
Tucked away in the quiet and sought-after Chester Close on the border of Muizenberg and Lakeside, this generously proportioned 2.5 bedroom, 2.5 bathroom townhouse offers a rare combination of lifestyle appeal and strong investment potential.
Currently configured as two separate living units, the property is tenanted and generating an excellent combined rental income of over R22,000 per month. The existing tenants have the option to extend their leases for a further six months with the new owner, as mandated by the seller—making this an attractive turnkey investment opportunity with immediate returns.
The home’s spacious layout also provides flexibility for future owners. It can easily be reconverted into a conventional single residence, restoring its full 2.5-bedroom family-home configuration, or retained in its current format to continue benefiting from the strong rental yield.
Additional highlights include:
-Generous interior proportions with versatile living spaces
-Ample outdoor space, ideal for relaxing or entertaining
-Situated in a quiet, well-positioned complex
-Outstanding mountain views, offering a beautiful natural backdrop
Whether you’re looking for a solid income-producing property or a spacious home in a peaceful Lakeside setting, this townhouse presents a compelling opportunity.
A versatile property with excellent returns and future flexibility.
Listed for sale at R2,899,000
Price reduced by 6.9% to R2,699,000
Price reduced by 4.6% to R2,575,000
Price reduced by 4.9% to R2,450,000
Lakeside is a tranquil, family-oriented suburb nestled between the Zandvlei Estuary and the Muizenberg mountains, offering residents a peaceful lifestyle with convenient access to both nature and city amenities.
