2 Bedroom House in Malvern East

2-Bedroom House Plus 5 Cottages Income-Generating Investment

This is the kind of property investors in the area are looking for a well-positioned income-generating property at the right price.

The main house offers 2 bedrooms, with part of the house currently sub-let. In addition, there are 5 outside cottages, providing a total of 7 rental unitstenants or more. The current rental income is approximately R14,000 per month, with utilities included.

The property is fully paid off, and the seller has the title deed in hand.

All tenants are currently on month-to-month rental agreements, giving the new owner flexibility to retain the existing tenants or make changes to the rental arrangements, subject to the applicable rental laws.

Despite the rental accommodation, there is still plenty of space for the owner to live comfortably. The main house includes a lounge, kitchen, 2 bedrooms and 2 bathrooms, including an en-suite bathroom.

The kitchen cupboards need some attention, but considering the property''s income potential and asking price, this is a relatively minor improvement.

Great Location

The property is conveniently located within walking distance of Spar, Checkers and Jules Street, with easy access to shops and public transport. It is situated on the more desirable side of Malvern, which is one of the reasons the rental units remain popular with tenants.

An Investment With Income Potential

With multiple rental spaces already in place, this property offers an opportunity to generate rental income while still having a comfortable home for the owner.