R 2 999 999
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8 Bed House in Silvamonte

8 5 1 1 338 m² 450 m²

8-Bedroom Double-Storey Home with Income-Generating Returns

This expansive double-storey home offers exceptional versatility, making it an ideal investment opportunity or a perfect choice for a large family. Conveniently located near places of worship, Sandringham Spar, and the Silver Crest Centre, this property blends accessibility with space and charm.

The property features two separate entrances and a well-established front and back garden, providing privacy and ample outdoor space for relaxation or entertainment. Divided into three distinct sections, the layout is designed to cater to diverse living needs while offering a substantial rental income.

Section 1: Duplex

The first section is a charming duplex with a cozy yet spacious feel. The ground floor comprises a lounge, dining room, kitchen, and a studyideal for working from home or additional living space. Upstairs, youll find three comfortable bedrooms and a shared bathroom, making it perfect for a small family or group of tenants.

Section 2: Upstairs Apartment

The second section is a modern upstairs apartment with two bedrooms and two bathrooms, including a main ensuite. The open-plan lounge and dining area flow seamlessly onto a large, rooftop-style balcony, perfect for entertaining or enjoying tranquil evenings. The kitchen is conveniently located, offering easy access for everyday living.

Section 3: Downstairs Main Section

The main section of the house, located downstairs, boasts a large lounge and dining room that open onto the lush garden. It includes a well-appointed kitchen and three bedrooms, two bathrooms, with the main bedroom featuring an ensuite. This section is perfect for larger families or tenants looking for spacious living.

Currently, all three sections are rented out to long-standing tenants, generating an approximate monthly rental income of R30,000. For investors, this income can significantly offset bond repayments and rates, making it a financially appealing option.

For families, the layout and size of this home provide an abundance of space and privacy, ensuring every member has their own retreat while maintaining a cohesive family environment.

Dont miss this opportunity to own a versatile property in a thriving community close to essential amenities. Whether youre looking for an investment or a spacious family home, this house offers incredible value.

Contact us for an exclusive viewing.

Property details

  • Listing number T4897880
  • Property type House
  • Listing date 10 Dec 2024
  • Land size 1 338 m²
  • Floor size 450 m²
  • Rates and taxes R 2 004

Property features

  • Bedrooms 8
  • Bathrooms 5
  • Lounges 3
  • Dining areas 3
  • Garage parking 1
  • Pet friendly
  • Balcony
  • Security post
  • Study
  • Garden
  • Electric fencing

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