R 1 990 000
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5 Bed House in Glenwood

129 z k matthews road

5 2 725 m²


Originally a five-bedroom, two-bathroom house, the current owner decided to subdivide it due to its substantial size being excessive for two occupants. Presently, there are tenants occupying a one-bedroom ensuite with ample space and fully fitted kitchen, for which they pay R5,000 per month. The other half of the house comprises three bedrooms, one bathroom, an open-plan lounge and kitchen, and an enclosed veranda conveniently located adjacent to the pool.

Additionally, there is a self-contained flatlet beneath the house generating a monthly income ranging from R4,500 to R5,000. This flatlet includes a bathroom with a shower, basin, and toilet, a fully equipped kitchen, a lounge,

and a bedroom.

Furthermore, situated next to the garage, there is a bachelor flat generating a monthly income of R3,900.

This corner house presents an exciting opportunity for an investor with a vision to transform this distinctive property into one of the most lucrative assets in the sought-after area of upper Glenwood. Moreover, the property is well-suited for young professionals.

Don''t hesitate to contact us now! We are committed to securing the best possible price that suits your needs.

Property details

  • Listing number T4213224
  • Property type House
  • Floor size 725 m²
  • Rates and taxes R 1 925

Property features

  • Bedrooms 5
  • Bathrooms 2
  • Lounges 1
  • Dining Areas 1
  • Garages 2
  • Flatlets
  • Pool
  • Kitchen
  • Garden

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