3 Bedroom House in Mount Croix

Classic 3-Bedroom Family Home with Income-Generating Flats in Mount Croix

Property Overview

This classic 3-bedroom family home offers both timeless charm and exceptional investment potential, making it an ideal choice for both family buyers and savvy investors. The property includes three income-generating flats, currently yielding over R13,000 per month, which can significantly offset your bond payments. Situated in a prime location near local schools and shopping, this property presents an excellent opportunity to enjoy spacious family living while benefiting from a steady rental income.

Main House Features

Spacious Living: The home features large rooms with high ceilings and beautiful wooden floors, providing a warm, inviting atmosphere.

Living Areas: A dining room and a sunny lounge with built-in wall units.

Kitchen: Fully fitted with an eye-level oven, hob, and ample wooden cupboards, leading to a dedicated laundry area.

Comfortable Bedrooms: Three generously sized bedrooms, all with built-in cupboards, providing plenty of storage space.

Bathroom: A full bathroom with separate toilet for convenience.

Additional Highlights:

Enclosed sunroom providing extra space to relax.

Enclosed garden with fruit trees, creating a private and tranquil outdoor space.

Secure parking with ample space for multiple vehicles.

Location Benefits:

Within walking distance of Erica Girls Primary and Mount Croix Pre-Primary Schools.

Just 750 meters from Five Ways Spar for convenience.

Close to major routes and well-established schools, including Grey and Collegiate High Schools.

Income-Generating Flats

Flat 1

Size: Spacious one-bedroom unit with an open-plan lounge, kitchen, and bathroom.

Current Rent: R4,900/month.

Flat 2

Size: A one-bedroom flat with an open-plan kitchen and lounge, plus a bathroom.

Current Rent: R4,800/month.

Flat 3

Size: Bachelor flat with a main room, kitchen, and bathroom.

Current Rent: R3,800/month.

Each flat features separate entrances, pre-paid electricity meters, and geyser meters, ensuring ease of management and minimal interference with the main house.

Investment Potential

Total Monthly Income: R13,500+ from the three flats.

Versatile Property: Whether youre looking to live in the main house and enjoy the rental income or refurbish the property for long-term value growth, this home offers both lifestyle and investment benefits.

Room for Growth: Some TLC is needed to restore the homes original charm, but this is a chance to renovate and increase the propertys value at your own pace.

Why Invest in This Property?

Income Generation: Over R13,000 per month from fully-tenanted flats.

Prime Location: Close to schools, shops, and transport routes.

Long-Term Potential: With some minor renovations, this property can offer significant returns in both rental income and capital appreciation.

Lifestyle & Convenience: Live comfortably in the main house while your investment works for you.

This property is a hidden gem in the highly sought-after Mount Croix area. Whether youre an investor seeking a reliable income stream or a family looking for a spacious home with potential, this opportunity is not to be missed.