4 Bedroom House in Bulwer

Prime Investment Property | Multiple Income Streams | Upmarket Location

Originally a single residential home, this property has been thoughtfully converted into multiple self-contained units, offering excellent rental returns and future development potential.

Property Breakdown:

Main Unit 2 Bedroom:

Spacious open-plan living area incorporating loungeTV room, dining area and kitchen.

The kitchen opens via double glass doors into a covered courtyard, ideal for private outdoor living.

Bathroom includes a corner spa bath, hand basin and toilet.

Both bedrooms feature built-in cupboards.

Two Separate 1-Bedroom Units:

Each unit has its own private entrance, kitchenette, lounge area, bedroom and bathroom fitted with a shower perfect for independent tenants.

Bachelor Flatlet:

Converted from the original garage into a long, open-plan, fully self-sustaining bachelor unit, located next to the main house.

Additional Features:

Large yard with parking space for up to 10 vehicles

Situated in an upmarket area

Current rental income: R25,000 per month

Low vacancy appeal due to unit mix and location

Development Potential:

The property may also appeal to developers, as there is a block of flats at the back. Vertical expansion could be explored, subject to necessary permissions and neighbour approvals.

Reverting the property back into a single residence is possible but would require additional investment making this an ideal buy-and-hold income property.

Ideal for investors seeking strong returns, flexibility, and future upside.