3 Bed House in Malvern

INVESTORS TURN HERE FOR CASH FLOW!!

Welcome to the house that keeps on giving. This property generates close to R15,000.00 in rental income from the three flatlets alone. Additionally, the main house has the potential to generate an extra R8,000.00 in rental income if

you decide to rent it out. The total rental income could be R23,000.00, making it an excellent investment.

Situated in the peaceful Malvern suburb of Durban, this property offers stunning scenic views and, on clear days, even sea views. The house has a history of safety, with no break-ins or significant concerns, and the family

has enjoyed living here for their entire lives.

The property includes two large automated double garages and parking space for at least four more vehicles, which is ample for your tenants.

The main house is well-maintained and features a spacious lounge with scenic views of Malvern and a spacious verandah overlooking beautiful views of Durban. The lounge has air conditioning and leads into the dining room and kitchen.

The main house has three bedrooms, all with built-in cupboards. A spacious family bathroom with a bath, shower, toilet, and basin is nearby.

The master bedroom has plenty of cupboard space, air conditioning, and a spacious ensuite bathroom with a shower, bath, basin, toilet, and space for a washing machine.

Three flatlets at the back of the property, with longstanding tenants and leases in place, generate a combined rental income of nearly R15,000.00. With the opportunity to extend the leases or benefit from the rental income from the

first day of registration, you can start earning income from this property immediately, making it an exciting investment prospect.

The first unit, which overlooks the inviting pool and braai area, includes an open-plan lounge, kitchen, a small, enclosed verandah used as a second bedroom, and a family bathroom.

Unit 2 offers a lounge, open-plan kitchen, dining room, and bedroom with an ensuite. It overlooks the pool and has a small fence for pets.

Unit 3 is located at the back of the property and offers an open-plan lounge, kitchen, dining room, and a bedroom with an ensuite bathroom.

All units are fitted with prepaid meters and have a communal laundry room next to unit 3.

During holidays and long weekends, people enjoy time around the braai and pool. The seller has decided to downsize and divest from this property, which has supported them financially for many years. It''s time to pass the benefits

of this investment on to the next generation of investors.

Ready to start earning income from this property?

Call us today for more information and to arrange a viewing.