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Margate, Margate, Margate, KwaZulu-Natal
R 480 000
Presenting a significant renovation opportunity in the suburban heart of Margate, South Africa, this 2-bedroom, 1-bathroom residence is set on a generous 1031 sqm erf. The property boasts a sunny exterior with a dark tiled roof and a substantial, currently overgrown grassy plot, providing a blank canvas for extensive landscaping and outdoor enhancements. Its prime location within an established residential neighbourhood offers convenience and potential for future value. The interior features an open-plan layout, seamlessly connecting the lounge, dining area, and kitchen. Tiled flooring extends throughout these communal spaces, which benefit from ample natural light. While the kitchen and living areas currently display signs of wear, including ceiling stains and unfinished surfaces, they offer a functional foundation for a complete modern transformation, allowing new owners to customise to their taste. The home comprises two well-proportioned bedrooms, each designed to receive natural light and offering built-in storage. The single bathroom includes a bathtub, partially tiled walls, and a window for ventilation. Both the bedrooms and bathroom, along with the narrow hallway, require cosmetic updates to refresh their dated aesthetic and address visible signs of use, promising a rewarding project for those seeking to add personal value. Outdoor living is complemented by a patio and a large garden area, ideal for creating a private oasis or expanding living spaces. The property ensures peace of mind with a secure fence and an access gate, further enhanced by security bars on windows. Paved areas provide practical access and additional kerb appeal. This property represents an excellent investment for buyers looking to revitalise a home and capitalise on its spacious erf and desirable Margate location. With vision and effort, this house can be transformed into a comfortable and contemporary family residence. Key Features: * 2 Bedrooms, 1 Bathroom * Expansive 1031 sqm Erf Size * Open-plan living areas * Patio and Garden * Fenced property with access gate * Tiled flooring throughout * Suburban Margate location * Significant renovation potential BLUE CANYON PROPERTIES 71 CC trading as RE/MAX Coast and Country (Shelly Beach) operates in terms of a franchise agreement with RE/MAX of Southern Africa.
Estimated monthly repayment
R 4 533
on a R 432 000 bond over 20 years at 11.25%
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Margate, Margate, Margate, KwaZulu-Natal
Fair-value check
Good valuePriced 46% below comparable 2-bed houses for sale in Margate
Based on 22 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Sizwe Ndlovu
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