R1,300,000
Rosemount, East London, Eastern Cape
House for sale in Rosemount, East London, 1071 m²
Rosemount, East London, Eastern Cape
R1,300,000
Ref:1571086
5Bed
4Bath
1071m²
Type: House
Description
Situated in the well-established suburb of Rosemount in East London, this versatile investment property offers a solid rental return with a total monthly income of R12,000 generated from the main house and two separate cottages. Fully tenanted and income-producing, this property presents an ideal opportunity for investors seeking stable returns and future growth potential.
The main house offers comfortable family living with three spacious bedrooms, all fitted with wooden flooring and built-in cupboards. The property includes two bathrooms, with the main en-suite featuring a shower, toilet, and basin, while the second bathroom is fully equipped with a bathtub, toilet, and basin, providing convenience for family use and guests.
The kitchen is neatly finished with tiled flooring and built-in cupboards, offering practical storage and a functional layout for everyday cooking. The kitchen flows into an open-plan dining and lounge area, creating a relaxed and spacious living environment that enhances the home’s overall comfort and usability.
In addition to the main residence, the property includes two separate one-bedroom cottages, each designed for independent living. Both cottages feature an open-plan kitchen and lounge area, a private bedroom, and a bathroom fitted with a shower, basin, and toilet. These units add significant value to the property, allowing for multi-tenancy and consistent rental income.
The combined rental income from the main house and both cottages totals R12,000 per month, ensuring immediate cash flow for the new owner. This makes the property particularly attractive for buy-to-let investors or buyers looking to offset bond repayments through rental income.
Externally, the property is set on a large yard with ample open space, offering excellent potential for future expansion or additional development. A swimming pool is also present on the property, currently requiring some TLC, but it presents an opportunity to add further lifestyle appeal and value once restored.
Overall, this is a well-located, income-generating property with multiple accommodation units, strong rental demand, and room for future improvement.
The main house offers comfortable family living with three spacious bedrooms, all fitted with wooden flooring and built-in cupboards. The property includes two bathrooms, with the main en-suite featuring a shower, toilet, and basin, while the second bathroom is fully equipped with a bathtub, toilet, and basin, providing convenience for family use and guests.
The kitchen is neatly finished with tiled flooring and built-in cupboards, offering practical storage and a functional layout for everyday cooking. The kitchen flows into an open-plan dining and lounge area, creating a relaxed and spacious living environment that enhances the home’s overall comfort and usability.
In addition to the main residence, the property includes two separate one-bedroom cottages, each designed for independent living. Both cottages feature an open-plan kitchen and lounge area, a private bedroom, and a bathroom fitted with a shower, basin, and toilet. These units add significant value to the property, allowing for multi-tenancy and consistent rental income.
The combined rental income from the main house and both cottages totals R12,000 per month, ensuring immediate cash flow for the new owner. This makes the property particularly attractive for buy-to-let investors or buyers looking to offset bond repayments through rental income.
Externally, the property is set on a large yard with ample open space, offering excellent potential for future expansion or additional development. A swimming pool is also present on the property, currently requiring some TLC, but it presents an opportunity to add further lifestyle appeal and value once restored.
Overall, this is a well-located, income-generating property with multiple accommodation units, strong rental demand, and room for future improvement.
Location
Rosemount, East London, Eastern Cape
Data
Object TypeHouse
Purchase PriceR1,300,000
Living Space1071 m²
Plot Size1071 m²
Bathrooms4
Construction YearN/A
ConditionNot specified
Rooms8
Financial Information
RatesN/A
LevyN/A
Special LevyN/A
Listing Agent
