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Attention Investors! An incredible opportunity awaits with this property featuring a main house and 8 flat lets for sale in the heart of Margate. This versatile investment boasts a strategic location and a range of rental units, making it a lucrative venture.
The property comprises:
o 5 x 1-bedroom units with 1 bathroom, kitchen, and parking
o 3 x 2-bedroom units with 1 bathroom, kitchen, and parking
o 1 x 3-bedroom main house with 2 bathrooms, kitchen, lounge, dining room with a sea view, cemented driveway, electric fencing, and an alarm system
Enjoy a steady income stream of R33,000 per month with flexible month-to-month lease agreements in place. The property also features a bird aviary built on the rear side of the 3 lock-up garages, accompanied by 2 storage rooms. Each unit is equipped with prepaid electricity meters for added convenience.
The communal garden, though modest, is well-maintained, and a pool on the property offers potential for renovation, turning this into a sought-after self-catering holiday destination. With a mere 5-minute drive to the main Margate beach, proximity to amenities, and a short walking distance to pubs and restaurants, this property caters to the needs of both tenants and holidaymakers.
Unlock the full potential of this investment by arranging a viewing today. With a little TLC and strategic adjustments, this property could become a thriving rental income or a popular spot for seasonal visitors. Don't miss out on this promising opportunity! Call today to schedule your viewing.
R395,000immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a studio in Margate on ImmoAfrica.net is R 395,000
R10,128immo · index
The current average sales price per square meter for a studio in Margate on ImmoAfrica.net is R 10,128
R1,336,656immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 3 bedroom property in Margate on ImmoAfrica.net is R 1,336,656
R2,986immo · index
The current average sales price per square meter for a 3 bedroom property in Margate on ImmoAfrica.net is R 2,986
R10,452immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average rental price for a 3 bedroom property in Margate on ImmoAfrica.net is R 10,452
R35immo · index
The current average rental price per square meter for a 3 bedroom property in Margate on ImmoAfrica.net is R 35
R817,955immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 2 bedroom property in Margate on ImmoAfrica.net is R 817,955
R3,778immo · index
The current average sales price per square meter for a 2 bedroom property in Margate on ImmoAfrica.net is R 3,778
R7,818immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average rental price for a 2 bedroom property in Margate on ImmoAfrica.net is R 7,818
R28immo · index
The current average rental price per square meter for a 2 bedroom property in Margate on ImmoAfrica.net is R 28
R2,385,070immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 4 bedroom property in Margate on ImmoAfrica.net is R 2,385,070
R5,209immo · index
The current average sales price per square meter for a 4 bedroom property in Margate on ImmoAfrica.net is R 5,209
R19,000immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average rental price for a 4 bedroom property in Margate on ImmoAfrica.net is R 19,000
R151immo · index
The current average rental price per square meter for a 4 bedroom property in Margate on ImmoAfrica.net is R 151
R554,467immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 1 bedroom property in Margate on ImmoAfrica.net is R 554,467
R4,218immo · index
The current average sales price per square meter for a 1 bedroom property in Margate on ImmoAfrica.net is R 4,218
R4,130immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average rental price for a 1 bedroom property in Margate on ImmoAfrica.net is R 4,130
immo · index
Currently, there is not enough data to give you an estimated price. Please check back soon.
R2,629,187immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 5 bedroom property in Margate on ImmoAfrica.net is R 2,629,187
R4,911immo · index
The current average sales price per square meter for a 5 bedroom property in Margate on ImmoAfrica.net is R 4,911
immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
Currently, there is not enough data to give you an estimated price. Please check back soon.
immo · index
Currently, there is not enough data to give you an estimated price. Please check back soon.
immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
Currently, there is not enough data to give you an estimated price. Please check back soon.
immo · index
Currently, there is not enough data to give you an estimated price. Please check back soon.
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