Malvern - DBN - MR632979

House in Malvern - DBN, Durban - South, Kwa-Zulu Natal

R 1,950,000

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1371m2
Malvern - DBN - MR632979
House in Malvern - DBN, Durban - South, Kwa-Zulu Natal
R 1,950,000
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Key Features

Rooms

  • 3 Bedrooms
  • 2 Bathrooms
  • Flatlet

Services

  • Rates and Taxes R1546

Kitchen

  • Kitchen

Entertainment

  • Pool
  • Braai

Parking

  • 2 Garage

External Features

  • Balcony

More Features

  • Property Type - House
  • Seller Type - Private Property
  • Erf Size - 1371m2
  • Price per square erf meter - R1,422 per m2

MyRoof Stats

  • 38 Views
PID=632979 DID=657146 SID=1

Welcome to the house that keeps on giving. This property generates close to R15,[hidden] in rental income from the three flatlets alone. Additionally, the main house has the potential to generate an extra R8,[hidden] in rental income if
you decide to rent it out. The total rental income could be R23,[hidden], making it an excellent [hidden];


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 [hidden];


The property includes two large automated double garages and parking space for at least four more vehicles, which is ample for your [hidden];


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 [hidden];


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


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 [hidden];


Three flatlets at the back of the property, with longstanding tenants and leases in place, generate a combined rental income of nearly R15,[hidden] 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 [hidden];


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 [hidden];


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 [hidden];


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 [hidden];


All units are fitted with prepaid meters and have a communal laundry room next to unit [hidden];


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 [hidden];


Ready to start earning income from this property? 


Call us today for more information and to arrange a [hidden]; 


What's Next?


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