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Double story 5 Bedroom family home in Margate with ocean views
R 1,600,000
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1 month ago54 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):5
Bathrooms (#):4+
Size (sqm):504
Parking:Garage
Description
This exceptional family home in the coveted Margate Manaba area presents a unique opportunity with its versatile layout and income-generating potential. Situated on an expansive 1900 square meter stand with lovely ocean views, this property boasts 3 flats and the potential for 2 more, making it an ideal investment for monthly income.
The upper level features 2 spacious master bedrooms, each with full en-suite bathrooms equipped with Bath, shower, toilet and basin. The open-plan kitchen, dining area, and well-appointed lounge lead out to a balcony with a built-in braai and bar area, perfect for entertaining while enjoying the picturesque sea views. Additionally, an in-progress studio apartment on this level offers versatility as a bedroom or additional living space.
On the lower level, you'll find 2 separate flats with kitchens, lounges, and bathrooms, providing great rental income opportunities or accommodation for extended family. The first flat includes a large bedroom with a full en-suite bathroom, while the second flat offers a generous bedroom and a lavish bathroom fitted with a corner bath tub designed for comfort and relaxation.
Outside, the meticulously maintained garden features a substantial swimming pool and Jacuzzi, creating a serene retreat for all seasons. With an extra-length double lock-up garage accommodating up to 3 vehicles, staff quarters, and backup water tanks from the 2 boreholes, convenience and functionality are ensured.
With the potential to convert additional spaces into 2 more flats and ample land for parking and guest accommodation, this property offers endless possibilities for customization and income generation. With your personal touch and a bit of TLC to complete the renovations, this home is poised to fulfill your vision. Fixer uppers DREAM…
Don't miss the opportunity to explore this remarkable property with its numerous amenities and potential. Schedule a viewing today to uncover the exceptional lifestyle it offers!
Has Pool
Property Reference #: RL1547
Agent Details:
Debbie Meth
Real and Proper T
No 1 Bank Street (Corner Bank Street and Marine Drive)
Margate
KwaZulu Natal
The upper level features 2 spacious master bedrooms, each with full en-suite bathrooms equipped with Bath, shower, toilet and basin. The open-plan kitchen, dining area, and well-appointed lounge lead out to a balcony with a built-in braai and bar area, perfect for entertaining while enjoying the picturesque sea views. Additionally, an in-progress studio apartment on this level offers versatility as a bedroom or additional living space.
On the lower level, you'll find 2 separate flats with kitchens, lounges, and bathrooms, providing great rental income opportunities or accommodation for extended family. The first flat includes a large bedroom with a full en-suite bathroom, while the second flat offers a generous bedroom and a lavish bathroom fitted with a corner bath tub designed for comfort and relaxation.
Outside, the meticulously maintained garden features a substantial swimming pool and Jacuzzi, creating a serene retreat for all seasons. With an extra-length double lock-up garage accommodating up to 3 vehicles, staff quarters, and backup water tanks from the 2 boreholes, convenience and functionality are ensured.
With the potential to convert additional spaces into 2 more flats and ample land for parking and guest accommodation, this property offers endless possibilities for customization and income generation. With your personal touch and a bit of TLC to complete the renovations, this home is poised to fulfill your vision. Fixer uppers DREAM…
Don't miss the opportunity to explore this remarkable property with its numerous amenities and potential. Schedule a viewing today to uncover the exceptional lifestyle it offers!
Has Pool
Property Reference #: RL1547
Agent Details:
Debbie Meth
Real and Proper T
No 1 Bank Street (Corner Bank Street and Marine Drive)
Margate
KwaZulu Natal
Id Subtitle 1271047313
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Estimated monthly repaymentR 17,340
Total property loan amountR 1,600,000
Total interestR 2,561,436
Total repaymentR 4,161,436
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Selling for 3+ years
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