4 Bedroom House in Wyebank
4-Bedroom House for Sale in Palmiet -Clare Estate
THE PERFECT INVESTORS OPPORTUNITY
Elite Realty calls all investors looking to operate a lucrative business within the established suburb of Clare Estate (Palmiet). Ideal for student accommodation and on the campus bus route to UKZN, DUT, Berea Tech and other colleges, this 950 square metre property already has the infrastructure to house students or be used as an Air B&B.
The main house consists of 4 spacious bedrooms, all with en-suite and air conditioning, an open plan living/dining area, massive fully fitted kitchen together with a large scullery, laundry and pantry area adjacent to the kitchen. This home would also work for a large family who would like to generate extra income from renting out the units behind the main house or keep the existing tenants.
There are 4 separate 2-Bedroom granny cottages behind the main house, all fitted with prepaid electricity and water metres. Additionally, there are also 2 single room units also on the property, a swimming pool and space to add more units. The property currently generates a rental income of R21 000 a month and that excludes the main house.
The potential this property has is limitless as there is room for expansion to the avid investor with a vision.
Reason for sale of this property is that it is too big for the owners to maintain and they are looking to downsize.
Don''t miss out on the opportunity to invest in an already thriving investment.
Contact Anwar Seedat or Reagan Hammond today to arrange a viewing.
Property details
- Listing number T5040805
- Property type House
- Listing date 11 Apr 2025
- Rates and taxes R 1 246
Property features
- Bedrooms 4
- Bathrooms 4
- En-suite 4
- Lounges 1
- Dining areas 1
- Open parking 1
- Pet friendly
- Access gate
- Balcony
- Built in cupboards
- Fenced
- Laundry
- Pool
- Staff quarters
- Kitchen
- Garden
- Scullery
- Intercom
- Electric fencing
- Aircon