3 Bedroom House in Blairgowrie

BLAIRGOWRIE | VERSATILE PROPERTY WITH EXCEPTIONAL INVESTMENT POTENTIAL

Invest, live in and earn, or create your ideal family home!

Three income opportunities. One versatile property. Endless possibilities.

Situated in the established suburb of Blairgowrie, this versatile property presents an exciting opportunity for investors, extended families, work-from-home professionals or buyers looking to supplement their monthly income.

Currently configured as three separate living spaces, the property offers flexibility to suit a variety of needs whether you are looking for an income-generating investment, a home with rental income, or a traditional family home with additional accommodation.

Option 1: An Income-Generating Investment

For investors looking for an income-producing property, the existing configuration offers three rental opportunities:

Currently generating R28,900 per month R346,800 per annum in rental income:

Main house: Main house: Comprising two bedrooms, two bathrooms one with a shower and the other a full bathroom, a lounge and a spacious kitchen area with room to incorporate a dining space. Currently rented at R12,000 per month.

One-bedroom garden unit: Open-plan kitchen and living area, en-suite bathroom and back garden access R6,400 per month.

One-bedroom back cottage: Featuring a bedroom, two bathrooms, a small kitchen and a lounge overlooking the swimming pool. Currently rented at R10,500 per month.

At the asking price of R2,200,000, the property offers an attractive 15.76 gross rental yield. Based on the supplied operating expenses, including council costs and a 5 provision for maintenance and insurance, the indicative net operating yield is approximately 12.90, subject to verification of electricity recoveries and actual expenses.

Option 2: Live In and Earn

Enjoy the two-bedroom main house while earning R16,900 per month from the separate one-bedroom unit and back cottage. An appealing opportunity to supplement your household income while enjoying your own space.

Option 3: Create Your Ideal Family Home

Explore the possibility of reinstating the main house to its original configuration while retaining the separate one-bedroom cottage as an income-generating asset, currently earning R10,500 per month. Any alterations would be subject to the relevant municipal requirements.

Additional Features

Swimming pool and outdoor braai area

Large storeroom with potential for office or workspace use, subject to suitability and approvals

Undercover parking for up to five vehicles

Meter Man prepaid electricity monitoring

Flexible accommodation with multiple possibilities

A Property That Adapts to Your Needs

Whether you are an investor seeking rental returns, a homeowner wanting assistance with monthly expenses, or a family looking for space and flexibility, this property offers several possibilities worth exploring.

Invest. Live in and earn. Or create your ideal family home.

Important note: The property is currently configured into separate living spaces, and approved building plans are not on file. Buyers are advised to conduct their own due diligence regarding building-plan approval, municipal compliance and the permitted use of the existing accommodation. Rental figures are based on the current information supplied.

With over 70 years of combined Real Estate industry experience, our Team of trained professionals are at your service to assist with your property needs.