On Show

• Sat 05 Sep, 3:00 pm - 4:00 pm
• Sun 06 Sep, 12:00 pm - 2:00 pm

Property description

An investment that can pay itself off! Two properties. One expansive 992m² stand. Multiple income opportunities. Positioned in a sought-after and convenient part of Ashley, this exceptional property offers investors a rare opportunity to secure two separate homes on one flat 992m² piece of land, each with prepaid electricity, reasonably low rates of R 1 030, and aluminium windows!

Currently generating approximately R24,000 per month as student accommodation, the property has the potential to generate up to R32,000 per month at full capacity, making this an exciting income-generating opportunity for investors.

Welcomed by a neat driveway and a larger-than-life manicured garden, the property offers plenty of usable outdoor space, including room to further build and expand - adding even more potential value and income in the future.A staircase leads to a spacious patio, creating a welcoming entrance to the generously proportioned main home.

Inside, the home boasts a spacious lounge and living area, complemented by beautifully polished wooden flooring that adds warmth and timeless character.The well-appointed kitchen offers ample cupboard and storage space and flows conveniently into a scullery with plumbing for appliances and additional storage. A door leads directly to the courtyard, making laundry days and outdoor washing facilities easily accessible.The accommodation comprises four bedrooms in total.Three generously sized bedrooms feature built-in cupboards, excellent natural light, and enough space to accommodate either two single beds or a double bed comfortably. These bedrooms share an airy bathroom fitted with two showers and a toilet. The spacious main bedroom is complete with built-in cupboards as well as its own shower and toilet, providing additional privacy and convenience. Situated behind the main house is a separate two-bedroom flatlet, complete with its own prepaid electricity and private, relatively flat garden. The flatlet opens into an inviting open-plan living area, incorporating a practical kitchenette and lounge.

Two well-sized bedrooms, both fitted with built-in units, provide comfortable accommodation and enough space for two single beds in each room. A full bathroom completes the flatlet, offering both a shower and bath, together with a toileThis property offers exceptional flexibility depending on your investment strategy.

• Rent the main house for approximately R13,000 per month.
• Rent the flatlet for approximately R7,000 per month.
• Continue using the property as student accommodation, with current income of approximately R24,000 per month.
• At full potential, rental income could reach approximately R32,000 per month.
• Alternatively, enjoy the main home while using the flatlet to subsidise your bond.

With two independent living spaces, this property is equally suited to a large family, extended family living, student accommodation or an investor looking for multiple income streams.The location is particularly attractive for student accommodation, with the property within walking distance of UKZN Edgewood Campus and directly opposite the Ashley Sports Centre. It is also conveniently situated close to Ashley Primary, St Benedict, and Gelofte School.Offers easy access to the M13 and M7. For shopping and everyday convenience, Pinecrest and The Pavilion are both within easy reach.

Safety is further supported by an established community environment with neighbourhood watches and security patrols.If you're looking for a property that offers space, versatility, strong rental income, and genuine future potential, this is an opportunity not to be missed. Two homes on one expansive stand, with income already being generated and plenty of room to grow.