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Norwood, Norwood, Mthatha, Eastern Cape
R 3 850 000
An exceptional residential investment opportunity situated in the sought-after suburb of Norwood. This well-maintained property offers multiple bachelor and family-style units, making it ideal for rental income generation or extended family living. The property consists of 7 well-designed units offering comfortable and practical living spaces: The first unit features an open-plan lounge and kitchen area, 1 bedroom with built-in cupboards, and an ensuite bathroom with a shower. The second unit offers an open-plan layout with a kitchen and bathroom fitted with a shower. The third unit includes an open-plan kitchen and lounge area, 1 bedroom with built-in cupboards, and an ensuite shower. The fourth unit boasts an open-plan kitchen with built-in cupboards, 2 bedrooms, both with ensuite bathrooms. The fifth unit offers 4 bedrooms, 1 bathroom with shower and toilet, plus an additional separate toilet. The sixth unit consists of 3 bedrooms and 2 bathrooms with showers. The seventh unit offers 2 bedrooms, including a main bedroom fitted with built-in cupboards. Additional features include: Outside laundry room Outside storage room Wooden window frames throughout Outside water tap Small backup water tank Fully paved yard Ample parking space Guard room Electric fencing Automated gate This income-generating property presents excellent value and strong investment potential in a growing residential area. For viewing arrangements and more information, contact EC Deep Properties.
Estimated monthly repayment
R 36 357
on a R 3 465 000 bond over 20 years at 11.25%
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Norwood, Norwood, Mthatha, Eastern Cape
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Liivra AI market value
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