Musgrave · House For Sale
6 Bedroom House For Sale in Musgrave
- R 2,250,000
- 6 bd
- 4 ba
- 731 m²
This house is an absolute no brainer for any investor looking to achieve an excellent R.O.I (return on investment) The house is configured as 4 sectional title units but not a registered scheme. The possibilities are endless, and you can start re-cooping your return without investing a cent. The house does require TLC but as it currently stands you can do section at a time without interfering with your earning and there is no emergency work that must be done now.
My ideal configuration would be to convert the 2 Stepless sections into modern 2.5 apartments, even in a quiet market these will not last long and with this address, should achieve the purhase price. The 2 sections that are below could be modernised into 2 apartments or 1 large unit and this is where return is in access of 10k per month.
It can work well for a couple/family that want a home and have the tenants pay for the property.
It can be re-configured to accommodate multiple people by simply adding bunks to the many rooms- another new hospital being developed a stone throw away that could accommodate multiple nurses needing to be close by.
Prime location on Vause road( away from Berea Rd) that could be purchased cheaper than actual municipal value and could be renovated to be your dream home, over time.
Leave house as it stands and receive potential rental income in excess of R 24 000 pm.
Legally sectionalize the house and sell off section at a time, possibility of 4 sections.
Didn't save or plan for your pension? This house could provide that peace of mind of guaranteed income for years to come and you can reside on the property.
Large family that wants to live on the same property but have their individual space.
There are just so many options for anyone with vision.
Property Information & Features
- Property Type
- House
- Listing Type
- For Sale
- Location
- Musgrave, Durban
- Price
- R 2,250,000 · Get Pre-Qualified
- Price per m²
- R 3,078
- Floor Size
- 731 m²
- Erf Size
- 731 m²
- Bedrooms
- 6
- Bathrooms
- 4
- Garages
- 6
- Residential Zoning
- Yes
Map & Nearby
Price Trends · Musgrave, Durban beta
Select filters to see average property values
The current average sales price for a 3 bedroom property in Musgrave on ImmoAfrica.net is R 2,164,557
The current average rental price for a 3 bedroom property in Musgrave on ImmoAfrica.net is R 14,347
The current average sales price for a 2 bedroom property in Musgrave on ImmoAfrica.net is R 1,344,345
The current average rental price for a 2 bedroom property in Musgrave on ImmoAfrica.net is R 9,750
The current average sales price for a 4 bedroom property in Musgrave on ImmoAfrica.net is R 4,387,000
The current average rental price for a 4 bedroom property in Musgrave on ImmoAfrica.net is R 23,833
The current average sales price for a 1 bedroom property in Musgrave on ImmoAfrica.net is R 820,094
The current average rental price for a 1 bedroom property in Musgrave on ImmoAfrica.net is R 7,580
The current average sales price for a 5 bedroom property in Musgrave on ImmoAfrica.net is R 5,959,799
Currently, there is not enough data to give you an estimated price. Please check back soon.
Currently, there is not enough data to give you an estimated price. Please check back soon.
Currently, there is not enough data to give you an estimated price. Please check back soon.
Bedrooms | Buy | Rent |
---|---|---|
Studio | ||
1 Bed | R 820,094 | R 7,580 |
2 Bed | R 1,344,345 | R 9,750 |
3 Bed | R 2,164,557 | R 14,347 |
4 Bed | R 4,387,000 | R 23,833 |
5 Bed | R 5,959,799 |
Bedrooms | Buy | Rent |
---|---|---|
Studio | ||
1 Bed | R 6,605 | R 133 |
2 Bed | R 8,323 | R 1,057 |
3 Bed | R 7,679 | R 70 |
4 Bed | R 9,683 | R 20 |
5 Bed | R 12,090 |