R 15 800 000
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5 Bedroom House in Saint Michaels on Sea

5 3.5 6 8 142 m²

14 income generating flats with a bonus house.

This is not just a property its a powerful income-generating investment combined with a spacious, modern home, offering the best of both worlds.

Income-Generating Flatlet Complex

Positioned on one side of the property with its own separate gated entrance, youll find a well-maintained complex comprising 14 identical two-bedroom, one-bathroom units, each with a single garage.

100 occupancy rate fully tenanted and generating consistent income

Each unit fitted with prepaid electricity meters for easy management

Neat, uniform layout across all units for low-maintenance upkeep

Proven rental demand ensures immediate return on investment

This section alone makes the property an exceptional, ready-made investment, ideal for buyers looking to step into a fully operational rental portfolio.

Private Main Residence

Accessed through a second, separate entrance, the main home offers privacy, space, and versatility.

On the lower level:

6 garages

A private gym space

Upstairs, youre welcomed into a bright, open-plan living and kitchen area, designed for comfortable family living and effortless entertaining.

The home is thoughtfully laid out in two wings:

Bedroom Wing:

Spacious main bedroom with walk-in cupboard and en-suite bathroom

Two additional bedrooms

Shared family bathroom

Living & Entertainment:

Open-plan living area flowing seamlessly to the outdoors

Swimming pool, braai area, and entertainment space perfect for hosting

Upper Level Bonus Space:

Versatile area ideal for a second lounge, cinema room, or private flatlet

Includes an additional bedroom and bathroom

Extra room currently used as a gym, easily converted into a study or home office

Direct access to garages via staircase

Why This Property Stands Out:

Dual-purpose: live in luxury while earning substantial rental income

Fully tenanted flatlet complex with immediate cash flow

Separate entrances ensure privacy and independent operation

Flexible spaces ideal for extended family, work-from-home, or additional letting potential

This is a rare opportunity to secure a high-performing investment property with a beautiful home included perfect for investors or buyers looking to maximise both lifestyle and returns.

Property details

  • Listing number T5427805
  • Property type House
  • Listing date 17 Mar 2026
  • Land size 8 142 m²
  • Rates and taxes R 8 000

Property features

  • Bedrooms 5
  • Bathrooms 3.5
  • Lounges 2
  • Dining areas 1
  • Garage parking 6
  • Flatlets
  • Pet friendly
  • Pool
  • Security post
  • Staff quarters
  • Study

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