Property with Multiple Flatlets (Rooms) and Excellent Investment Potential in East Lynne
This property offers excellent investment potential. It currently has 4 flats, with the possibility of converting the storeroom into a fifth unit. The spacious yard also provides potential for further development, while East Lynne's strong rental demand makes it an attractive income-generating opportunity.
Conveniently located close to shopping centres, schools, clinics, public transport, and major access routes, the property enjoys easy access to everyday amenities and surrounding areas.
The main house features a small welcoming front stoep, a living area, a generously sized kitchen, three bedrooms with built-in cupboards, and two bathrooms. The family bathroom is fitted with a bath, while the main bedroom offers an en-suite bathroom with a shower. The main bedroom has been extended to include additional space that can be utilized as a pyjama lounge, TV room, study, or private sitting area.
Adjacent to the kitchen is an enclosed area that can serve as an indoor entertainment space, leading onto a covered patio overlooking the garden.
Parking is well catered for with a large carport accommodating up to six vehicles, as well as additional covered parking.
The garden is established and features a variety of fruit trees, including avocado, litchi, lemon, banana and nut trees, offering a pleasant outdoor setting with plenty of potential for further enhancement.
Additional Accommodation
The property includes four separate flatlets (Rooms):
Flat 1: Larger one-bedroom flat with living area, kitchenette, two bathrooms, a small storeroom and own small stoep.
Flat 2: Bachelor flat with kitchenette, 1Bahtroom with shower and own small, enclosed garden.
Flat 3: Bachelor flat with kitchenette and bathroom.
Flat 4: Bachelor flat located in the front yard with kitchenette and bathroom.
Additional Features
- Four income-producing flatlets.
- Large storeroom/outbuilding. with potential to convert into flat nr 5.
- Ample covered parking.
- Established garden with a variety of fruit trees, including avocado, litchi, lemon banana and nut trees.
- Borehole
- Fixer upper
While the property requires attention and upgrading, it offers a solid foundation for buyers with vision. Whether your goal is to create a rental income stream, expand existing accommodation, or restore the property to its full potential, this is an opportunity worth exploring.
Bring your ideas and transform this property into a rewarding investment.
