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Clare Estate, Clare Estate, Durban, KwaZulu-Natal
R 2 300 000
Spacious Multi-Level Property for Investment - Ideal for Large Families or Rental Income This exceptional property boasts three expansive floors, offering a perfect balance of comfort and functionality. Located in a prime area with easy access to highways, educational institutions, and industrial hubs, this home is an ideal investment, generating approximately R25,000 per month in rental income. Main House (Ground Floor) Upon entering, you are welcomed into a grand space that includes:3 generously sized bedrooms for family living. A spacious open-plan dining area and lounge, perfect for entertaining. A fully fitted kitchen with electric stove and oven for culinary ease. Guest toilet for added convenience. A well-appointed bathroom featuring both a bathtub and toilet. A large laundry room that leads to a double garage, also equipped with its own toilet. Granny Flat (1st Floor) Ideal for guests or additional rental income, this self-contained flat includes: 2 comfortable bedrooms, both featuring built-in cupboards (BIC). A shared bathroom with a bathtub and toilet. A separate toilet for added convenience. A fully fitted kitchen and a cozy lounge area.Basement (Ground-Level) The property also includes two separate outbuildings, perfect for tenants or extended family: 2 outbuildings, each with 2 bedrooms, a kitchen, and a toilet. One outbuilding is positioned to the left, and the other to the right, offering privacy for occupants. Downstairs Units Additional living spaces are located downstairs: 2 separate rooms, each with a kitchenette and a bathroom. A granny flat with 2 bedrooms, a separate bathroom and toilet, plus a spacious kitchen and lounge. Property Highlights: In great condition, having been carefully maintained for over 60 years.Generates rental income of approximately R25,000 per month. Ideal for large families, multiple tenants, or anyone looking to capitalize on rental demand in this highly sought-after location. Proximity to key amenities, including highways, schools, industrial areas, and more. This versatile property offers endless possibilities, whether for personal use or as an income-generating investment. Don’t miss out on this rare opportunity to own a piece of prime real estate in an area of high demand!
Estimated monthly repayment
R 21 720
on a R 2 070 000 bond over 20 years at 11.25%
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Clare Estate, Clare Estate, Durban, KwaZulu-Natal
Listed by
David Nkosi
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