4 Bedroom House on auction in Sherwood

Insolvent estate property auction! Vandalised 2 x homes on 1 erf! AUCTION ONE The Property Auctioneering CO. Duly instructed by the Executrix in the matter Estate Late: T Lamont (Estate No. 002540/2025). We will offer for sale by public auction the property situated at: 8 CORBIN CLOSE, SHERWOOD, GQEBERHA. Date: 30th July 2026. Time: 11:00 am. Venue: On Site. Viewing: One Hour Before Auction. ID & proof of residence required for registration. Auctioneers note – redevelopment opportunity. This property could produce two rental income streams off one erf -excellent potential! Unlock the potential of this vandalised Port Elizabeth property, offering an outstanding redevelopment and investment opportunity. Situated on a generous level erf exceeding 1,100m², this fully walled property presents endless possibilities for investors, developers, or buyers looking to create long-term value. With its low-maintenance clinker brick construction under tile roof, the situation is already set in place for a rewarding renovation project. The property comprises of two separate dwellings, creating the ideal opportunity to generate dual rental income from a single erf. The main residence offers an open-plan lounge and kitchen with a scullery, four bedrooms, a family bathroom, and an outdoor entertainment area complete with a built-in braai. The second dwelling features an open-plan lounge and kitchen, two bedrooms, and a family bathroom. Adding further value is an incomplete double garage superstructure, ready for completion to suit your vision. Whether you choose to renovate both homes for maximum rental returns, or to reside within the one while leasing the other out, or redevelop the property to its full potential! This is a rare opportunity to secure a versatile investment with excellent future income prospects.