3 Bedroom House in Umbilo

Prime Investment Opportunity on Holmes Road

This versatile Holmes Road property presents a fantastic blank canvas for savvy investors or homeowners looking to create value. The main house, currently in need of some TLC, offers enormous potential to be transformed into a stunning family home or high-yielding rental asset. The current owners are even open to undertaking restorations, subject to an acceptable offer.

In its present condition, the property already generates a solid monthly rental income of R18,000, broken down as follows:

Main House: R10,000

Granny Flat 1: R3,500

Granny Flat 2: R4,500

With some upgrades and modernisation, there is clear scope to significantly increase both the propertys value and rental returns.

The main residence features three spacious bedrooms, two family bathrooms, a bright and airy kitchen, and generous living areas ideal for comfortable family living or entertaining.

Granny Flat 1 offers a practical 1-bedroom layout with a compact living spacekitchenette and a bathroom.

Granny Flat 2 provides a similar layout but with noticeably more space, making it ideal for tenants seeking extra comfort.

Additional features include a double garage with conversion potential, ample off-street parking, and a highly convenient location.

Whether you''re an investor seeking strong cash flow or a buyer wanting to unlock the full potential of a multi-unit property, this Holmes Road opportunity offers endless possibilities.

CHRIS AND LISA PEARSON PROPERTIES PTY LTD trading as REMAX Address Berea operates in terms of a franchise agreement with REMAX of Southern Africa.