5 Bedroom House in Saint Michaels on Sea
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