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5 Bedroom House For Sale in Penford

R1,650,000

9 Noyce Street

Monthly Bond Repayment R17,881.17
Calculated over 20 years at 11.75% with no deposit.

Web Ref No CHEG-0068

Charming Victorian Jewel: A Perfect Income-Generating Sanctuary featuring Three Units!

Situated strategically within walking distance to the town center, essential amenities, and the prestigious EC Midland College, this property is perfectly positioned for convenience and accessibility.
With its immense potential, this property is an ideal choice for the extended family, student accommodation, or family rentals.

Currently, the home has been converted into three separate units, generating a rental income of approximately R14,500 per month.

Two of the units on the property feature two bedrooms, one bathroom, a spacious living room, and a well-equipped kitchenette. The third unit consists of one bedroom, one bathroom, a comfortable living room, and a functional kitchenette. Each unit has its own prepaid electricity and water meters, ensuring efficient billing and individual control over utility usage.

Additionally, the land is extensive enough to allow for the potential construction of more units, providing further opportunities for increased rental income.

This income generating Victorian style home offers not only a desirable investment opportunity but also a flexible and adaptable living space. Don't miss out on the chance to own this property with its prime location, potential for expansion, and steady rental income.

Features

Bedrooms 5
Security Yes
Bathrooms 3
Flatlet 1
Recep. Rooms 6
Dom. Accom. 1
Study 1
Land Size 2,231m²
Carports/Parkings 2
Pets Allowed Yes
Monthly Rates R1,144.00
Extras

Prepaid Electricity

Agent Contact Details

Danté Koen
Gqeberha

Cell 079 508 8421
Office 042 940 0082
Charlene Green
Gqeberha

Cell 076 094 3726
Office 042 940 0082

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