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5 7th Avenue, Newton Park, Port Elizabeth (gqeberha), Eastern Cape
R 1 950 000
DEVELOPMENT POTENTIAL Positioned in the heart of fast developing Newton Park, this well-located corner property presents a rare opportunity as one of the last remaining residential homes in the street.The home offers 4 bedrooms and 3 bathrooms. The main house consists of 3 large bedrooms and 2 bathrooms, and a self-contained flatlet.The current layout accommodates two self-contained flatlets, each with its own entrance and private courtyard or patio, creating immediate income potential with existing month-to-month tenants. The main bedroom with ensuite bathroom has a small kitchenette which opens onto the garden to form the second self-contained flatlet.The living areas include a lounge with a fireplace and a spacious barentertainment room that comfortably doubles as a dining area.Additional features include a double garage, automated front gate, water tanks for irrigation, and a well-maintainedgarden with an undercover built-in braai. Ample cupboard space is provided throughout, and all services are municipal.This character filled property offers flexibility for use as a family home or conversion to a corporate or business premises.A solid older home with strong street appealand excellent earning potential, it is priced to sell. Show more Show less
Estimated monthly repayment
R 18 414
on a R 1 755 000 bond over 20 years at 11.25%
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5 7th Avenue, Newton Park, Port Elizabeth (gqeberha), Eastern Cape
Listed by
Ayanda Ndlovu
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