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Glenwood, Glenwood, Durban, KwaZulu-Natal
R 3 495 000
This double Erf property with huge potential presently has a spacious double storey Spanish style house, outside cottage, large pool and substantial garden, with two road frontages. The house is presently divided into a few income earning apartments, with a separate cottage in the grounds. The house could be further renovated to accommodate more apartments for professionals, or students, as the property is in close proximity to UKZN. The business options are endless, as the house could also be altered to accommodate medical suites, rehabilitation/ step-down facilities etc. The buildings do need some upgrades. There is ample off-street parking and a double garage. The land can be subdivided if need be. 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 33 004
on a R 3 145 500 bond over 20 years at 11.25%
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Glenwood, Glenwood, Durban, KwaZulu-Natal
Fair-value check
Fairly pricedIn line with comparable 5-bed houses for sale in Glenwood
Based on 38 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Tshepo Le Roux
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