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Margate, Margate, Margate, KwaZulu-Natal
R 2 280 000
Sitting proudly on 2 173m2 you will find this lovely 3-bedroom family home with so much character. The main living areas, consisting of a spacious lounge, with character fire place, and a baronial dining room with access to an amazing wrap around balcony giving distant views out over the Indian Ocean. A semi open plan kitchen services these areas with ease, an informal breakfast bar, ample work surfaces and an abundance of cherrywood cabinetry are a few of the tributes this kitchen offers. 3 very spacious bedrooms and 2 bathrooms, the main bedroom has a convenient full en suite, and the 2nd bathroom services the remaining 2 bedrooms. Lovely bright airy rooms with distant Ocean views complete the picture of this character filled family home. The big bonus is the income generating potential this coastal gem has to offer!!!! Entry level: What once was referred to as the boat house. Now a self-contained 3 bedroom cottage. Middle level: 1x 2-bedroom flat 2x 1 bedroom flat 3x Bachelor flat. A further investment opportunity on the upper level of the property, with its own access gate, is a 3-bedroom A frame cottage, the cottage is in need of some level of restoration, but the potential is endless… There is automated gate access to the property, 3 single garages, a large store or tool room, and a rain water collection tank. Within walking distance to shops, restaurants and all necessary amenities makes this a very investible area. Lots of care and heart has gone into this home, which the current owner feels is becoming too much for Her to handle, but would love to hand over this great lifestyle opportunity to some one who could utilise the opportunity to its full potential. This property has to be seen to appreciate the extent of the endless potential and room for growth on offer. An opportunity to live at the coast while being financially supported… A savvy investment!!!!!
Estimated monthly repayment
R 21 531
on a R 2 052 000 bond over 20 years at 11.25%
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Margate, Margate, Margate, KwaZulu-Natal
Fair-value check
Priced highPriced 75% above comparable 3-bed houses for sale in Margate
Based on 101 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Grace Dlamini
Unclaimed listing — claim it to verify
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