- 3
- 2
- 1 275 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
Affordability Calculator | Bond Costs Calculator | Bond Repayment Calculator | Apply for a BondBond Calculator
Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.
Mun. Rates & Taxes: ZAR 1329.00
Property description
This 1,275m² property in Durban North offers a unique development opportunity with multiple income-generating potential. The existing 3-bedroom house can be reconfigured into residential units, generating stable long-term income of R25,000 to R30,000 per month. Alternatively, it can be converted into student accommodation, yielding R30,000 to R45,000 per month, or a guesthouse/ short-term rental, generating R35,000 to R50,000+ per month.
The property's prime location, large erf size, and flexible zoning potential make it an attractive investment opportunity. Potential development options include constructing additional residential units, creating a medical/commercial center, or establishing a shared office/co-working space. Each option offers significant income-generating potential, with long-term capital growth prospects.
With its versatility and prime location, this property is ideal for developers and investors seeking to capitalize on Durban North's growing demand for housing, commercial spaces, and services. Whether you're looking for stable residential income or high-value commercial returns, this property offers a range of opportunities to suit your investment goals. Contact us today to explore the possibilities and schedule a viewing.
Property Details
- 3 Bedrooms
- 2 Bathrooms
- 1 Ensuite
- 1 Lounges
- 1 Dining Area
Property Features
- Pool
- Pets Allowed
- Fence
- Access Gate
- Kitchen
- Garden
- Family TV Room
| Bedrooms | 3 |
| Bathrooms | 2 |
| Erf Size | 1 275 m2 |
Contact the Agent
Zimone Strydom
Candidate Property Practitioner
