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Morningside, Morningside, Durban, KwaZulu-Natal
R 3 150 000
Great investment opportunity with a pair of semi detached houses on one erf. One property is a pre-school and the second property is a residence. This unique property also has 2 extra rentals on the property with extra granny flats at the back of the property that are rented out making this an excellent investment. Property 1: Residential Dwelling A separate, spacious two and a half bedroom home offering exceptional versatility: Formal lounge , TV Lounge and Dinning room. A fully equipped kitchen with ample kitchen cupboards , breakfast nook and scullery , eye level oven and separate stove with extractor fan. Full bathroom with , bath , shower , toilet and basin. On-site accommodation, ideal for an owner-operator or live-in caretaker, supporting enhanced security and convenience. Ample parking, with tandem parking for up to five vehicles Additional Outbuildings: Two additional units are currently being used as rental accommodation. They offer immediate passive income to help offset bond repayments. Property 2: Operational Crèche and Learning Centre Designed to accommodate multiple age groups, activities, and administrative functions, this facility includes: Three large, sunlit rooms suitable for age-specific classrooms, nap rooms, activity areas, or a principal's office. A dedicated dining and kitchen area. Bathroom facilities A secure outdoor play area featuring premium AstroTurf-a low-maintenance, mud-free surface ideal for outdoor play, sensory equipment, and gross-motor activities. Two dedicated drop-off and staff parking bays located at the entrance for quick and convenient access. Investment Potential This property will suit a wide range of buyers call me for more information. Property is GR2 and has permission to demolish. CHRIS AND LISA PEARSON PROPERTIES (PTY) LTD trading as RE/MAX Address (Berea) operates in terms of a franchise agreement with RE/MAX of Southern Africa.
Estimated monthly repayment
R 29 746
on a R 2 835 000 bond over 20 years at 11.25%
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Morningside, Morningside, Durban, KwaZulu-Natal
Liivra AI market value
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Fair-value check
Good valuePriced 51% below comparable 5-bed houses for sale in Morningside
Based on 46 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Lebo Brown
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