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437 Sir Frances Drake, Palm Beach, Port Edward, KwaZulu-Natal
R 1 300 000
Set in a peaceful conservancy and surrounded by a beautiful, established garden, this solid face brick two-bedroom home offers comfort, privacy and an excellent income potential .The fully tiled main house welcomes you into a spacious living area and an open-plan kitchen fitted with warm wooden cupboards, a double sink, and a large five-plate gas stove with an electric oven. A gas geyser and separate electricity meter add convenience and efficiency. Both bedrooms are generously sized with built-in cupboards and cooling fans, and are serviced by a full bathroom with bath, shower, basin and toilet. From the kitchen, step out onto a covered patio with a built-in brick braai, which offers the perfect place to relax or entertain while enjoying the tranquil garden surroundings. Adding exceptional value are two separate, private flats, each having their own entrances. The first flat is a cosy bachelor flat with a bedroom, kitchenette, bathroom and a small, covered patio. The second is a larger flat featuring a lounge, open-plan kitchen, bedroom, bathroom and a spacious covered patio. Each unit has its own gas geyser and electricity meter which makes them ideal for holiday letting, long-term rental, or accommodating extended family. There is an extra-large single garage which can quite easily be converted into a third spacious bedroom or an office. Between the two flats is a garden shed for garden tools and equipment. Three 2500 litre jojo tanks are fitted with a pump. Currently the two flats are rented out bringing in a generous income for the owners.
Estimated monthly repayment
R 12 276
on a R 1 170 000 bond over 20 years at 11.25%
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437 Sir Frances Drake, Palm Beach, Port Edward, KwaZulu-Natal
Fair-value check
Fairly pricedIn line with comparable 4-bed houses for sale in Palm Beach
Based on 27 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Amahle Motaung
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