4 Bedroom House in Glenwood

High-Return Investment Property Featuring 2 Bedroom Granny Flat

This spacious and versatile property, located conveniently near Penzance Primary School and less than a kilometer from UKZN Howard College and the Nelson Mandela School of Medicine, is a rare find. The main house boasts three generously sized bedrooms, a smaller room perfect for a study, and ample built-in cupboard space. The open-plan lounge flows seamlessly into the entrance hall and onto a private, secure patio, ideal for relaxation. The fully equipped kitchen features a hob, under-counter oven, and abundant cupboard space, with blinds and curtains included throughout the home. Prepaid electricity meters add to the convenience.

An income-generating gem, the main house currently yields R13,450 per month from its four rooms, with potential for additional revenue from a possible bachelor unit. Secure parking is provided with a double garage and an automated door, while the property is safeguarded by burglar bars, security gates, and a fenced perimeter. Added conveniences include brick-paved flooring, ceiling fans, and outdoor washing lines. This home is perfect for families or as a high-return rental investment.

Adding to its allure is the self-contained 2-bedroom flat, ideal for extended family or additional rental income, currently generating R7,000 per month. With its strategic location close to schools, shops, and churches, this property offers both comfort and profitability. Actively maintained by the seller, it presents a fantastic opportunity for discerning buyers as it has great potential of running as an Airbnb or for student accommodation as well as it caters for all. Total rental income R20,450

CHRIS AND LISA PEARSON PROPERTIES (PTY) LTD trading as RE/MAX Address (Berea) operates in terms of a franchise agreement with RE/MAX of Southern Africa.