3 Bedroom House for sale in Umbilo

This versatile Holmes Road property presents a fantastic blank canvas for savvy investors or homeowners looking to create value. The main house, currently in need of some TLC, offers enormous potential to be transformed into a stunning family home or high-yielding rental asset. The current owners are even open to undertaking restorations, subject to an acceptable offer. In its present condition, the property already generates a solid monthly rental income of R18,000, broken down as follows: Main House: R10,000 Granny Flat 1: R3,500 Granny Flat 2: R4,500 With some upgrades and modernisation, there is clear scope to significantly increase both the property’s value and rental returns. The main residence features three spacious bedrooms, two family bathrooms, a bright and airy kitchen, and generous living areas ideal for comfortable family living or entertaining. Granny Flat 1 offers a practical 1-bedroom layout with a compact living space/kitchenette and a bathroom. Granny Flat 2 provides a similar layout but with noticeably more space, making it ideal for tenants seeking extra comfort. Additional features include a double garage (with conversion potential), ample off-street parking, and a highly convenient location. Whether you're an investor seeking strong cash flow or a buyer wanting to unlock the full potential of a multi-unit property, this Holmes Road opportunity offers endless possibilities. 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.