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152 Spencer Road, Palmiet, Durban, KwaZulu-Natal
R 2 200 000
Elite Realty proudly presents this well designed 3-Bedroom home. It is currently generating extra income; in excess of R20 000 a month. The main house consists of 3 spacious bedrooms with well-maintained parquet flooring in the lounge and bedrooms. There are 2 bedrooms with wall-to-wall built-in cupboards which provide enough storage space. The family bathroom has a tub, toilet, basin and an area to shower. There is also a separate guest toilet to allow for extra privacy. The fully fitted kitchen consists of plenty built-in cupboard space, fitted, hob, extractor and oven and has a centre breakfast nook for added convenience. The kitchen leads into an open-plan dining and spacious living area. This home is situated on an expansive 905m² property with the added bonus of: * A 2-bedroom granny flat (R4500), *2 x 2-bedroom units (R4000 each), *3 x single units (R2800 each), all of which are currently tenanted, * Extra income of R20 900 a month. The granny flat as well as each unit has their own toilet and bathroom facilities and has prepaid water and electricity metres. All tenants have their own access and exit gate which is separate from the main house. The new owner could also rent out the main house for an additional +/- R7500 a month or convert the entire premises into student accommodation. The potential for this property is limitless. Don't miss out on this great investment opportunity. Contact Agent Today to arrange a viewing.
Estimated monthly repayment
R 20 775
on a R 1 980 000 bond over 20 years at 11.25%
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152 Spencer Road, Palmiet, Durban, KwaZulu-Natal
Liivra AI market value
AI estimate only; not a valuation. Consult a registered valuer or estate agent before making an offer.
Fair-value check
Fairly pricedIn line with comparable 3-bed houses for sale in Palmiet
Based on 17 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Dylan Van der Merwe
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