Low-Maintenance Expansive Freestanding Home with Separate Structure and Two Flatlets
Owner asking R 2 499 000
Only considering offers above R 1 799 000
Perfectly positioned in quiet Cork Street, Ferndale, this expansive freestanding property offers exceptional space, versatility, and income-generating potential on a large 2,946m² stand with lovely views over the river.
Currently utilised as a strong income-producing investment property, the main house offers 10 bedrooms and 6 bathrooms, all presently rented out. Certain bedrooms have private outside access, creating the opportunity to use them as individual flatlets or semi-private rental units. The accommodation is conveniently arranged around large communal kitchens and lounge areas, which flow out onto a spacious enclosed patio overlooking the swimming pool and tranquil garden.
A second separate structure further enhances the investment appeal, offering two spacious flatlets, each with its own bathroom, making this property ideal for multi-let accommodation, extended family living, or further rental income.
Designed with practicality and cost-efficiency in mind, the property also boasts a solar system and gas hobs, helping to reduce overheads and improve day-to-day convenience.
With its generous stand size, established rental setup, and potential for further development, this property is ideal for investors, developers, or buyers looking to live in one portion while allowing the rental income to assist with the bond.
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