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Ashburton, Ashburton, Pietermaritzburg, KwaZulu-Natal
R 1 895 000
Prime Investment Opportunity: Expansive Multi-Dwelling Estate in Ashburton Discover the perfect blend of space, comfort, and income potential. Set on a sprawling 6,218 sqm erf, this property is ideally positioned for convenience—just minutes away from local shopping centers, the famous Polly Shortts, and easy freeway access. The Main Residence The heart of the property is a spacious family home designed for comfortable living: Bedrooms: 3 well-sized rooms. Bathrooms: 2 full bathrooms plus a convenient guest toilet. Living Space: A large, inviting lounge perfect for family gatherings. Kitchen: A functional, decent-sized kitchen featuring a separate scullery to keep things tidy. Outdoor: A charming veranda for morning coffee and a massive carport with space for up to 5 vehicles. The Income Generators The property boasts four additional units, making it an incredible "mortgage-buster" or high-yield rental portfolio: Flat 1: Features a private lounge, 1 bedroom, kitchen, and bathroom. Flat 2: A unique layout offering a lounge, 1.5 bedrooms (perfect for a study or nursery), and a bathroom. Flat 3: A modern open-plan lounge and kitchen, with 1 bedroom and 1 bathroom. Bachelor Flatlet: A compact, efficient open-plan room with a kitchenette and bathroom. Why This Property Stands Out Massive Land Size: At over 6,000 sqm, there is significant room for further development, gardening, or recreation. Location: Situated in the sought-after Ashburton area with quick access to the N3 and local amenities. Versatility: Live in the main house and let the flats pay your bond, or rent out all five units for maximum ROI.
Estimated monthly repayment
R 17 895
on a R 1 705 500 bond over 20 years at 11.25%
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Ashburton, Ashburton, Pietermaritzburg, KwaZulu-Natal
Listed by
Nkosinathi Makhanya
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