5 Bedroom House in Essenwood

Investment Opportunity: A Developer''s Dream in Prime Essenwood.

This magnificent property in Essenwood presents a unique opportunity for developers and discerning investors. With its zoning for medium-density housing, this asset is a blank canvas poised for a lucrative redevelopment project. The property''s excellent location and existing infrastructure provide a solid foundation for a project with a high return on investment.

The main house, ripe for a modern transformation, offers five spacious bedrooms. Key features include an air-conditioned bedroom and beautiful wooden floors throughout most of the living spaces, providing a classic base for a contemporary renovation. The main bathroom is fully equipped with a basin, bath, and shower, while a second bathroom provides additional convenience. The open-plan kitchen, featuring a dishwasher connection and wooden finishes, opens onto an enclosed balcony, offering a great space to be reimagined. A lounge and dining area with classic wooden floors complete the main living space.

Additionally, the property includes a valuable outbuilding that has been thoughtfully divided into two sections: a self-contained bachelor pad and separate staff accommodation. This existing structure offers flexible options for immediate rental income during the main house''s renovation or could be integrated into a larger development plan.

Strategically located with access to major freeways, Durban Central, and key amenities, this property is an appealing prospect for those looking to capitalize on the high demand for premium residential spaces in a sought-after neighborhood. This is more than just a home it''s a versatile site with medium-density housing potential, making it a strategic acquisition for a visionary developer looking to maximize their ROI.

Contact Elite Realty now to schedule a viewing.