Clare Estate, Durban, KwaZulu Natal
R 1,650,000
7 Beds | 3 Baths | 346 m² Floor | 1,170 m² Land
Perfectly positioned near the corner of Wandsbeck and Tagore Road, this fully renovated income-producing property offers an outstanding opportunity for investors seeking immediate returns or extended families looking for flexible multi-generational living.
Set on a neat and well-maintained property, the building has been thoughtfully configured into three separate units, each with its own prepaid electricity meter, providing convenience, independence, and easy management.
The main residence is situated on the upper level at road level and comprises three spacious bedrooms, a comfortable lounge, a kitchen, and a bathroom with a separate toilet. Its practical layout creates a welcoming family living space with easy access from the street.
The lower level accommodates two self-contained flats, each offering two bedrooms, a lounge, kitchen, bathroom, and separate toilet. These well-designed units provide comfortable accommodation and are ideally suited for long-term tenants, ensuring consistent rental demand.
The current owner has extensively renovated the entire property, including new floor tiles throughout, quality interior and exterior paintwork, remote-controlled access gates, and secure perimeter fencing. The result is a modern, move-in-ready property with minimal maintenance requirements.
The only remaining enhancement is the installation of kitchen and bedroom cupboards in all three units, allowing the new owner the opportunity to add their own finishing touches and further increase the property's value.
Currently fully tenanted, the property generates a combined rental income of approximately R20,000 per month, delivering an immediate return on investment from day one.
Adding to its appeal is the property's excellent location. Public transport is available right on your doorstep, with direct transport routes to Durban Central ensuring easy commuting. The property is conveniently situated close to reputable schools, Kheswayo Hospital (formerly King George Hospital), and a variety of shopping facilities and competitive supermarkets, making daily living both convenient and practical for tenants and homeowners alike.
Whether you are looking to grow your investment portfolio, secure a property with multiple income streams, or accommodate an extended family, this versatile and well-positioned property presents exceptional value and endless potential.
Contact RAFEEK ADAM today to arrange your private viewing and discover the possibilities this remarkable investment opportunity has to offer.
Key Details
Reference LFPE-18142
Listing type Sale
Property type House
Listing zone Residential
Suburb Clare Estate
City Durban
Province KwaZulu Natal
Rates R 1,400
Property Details
Bedrooms 7
Bathrooms 3
Open parking 4
Floor area 346 m²
Land size 1,170 m²
Fence Yes
Garden Yes
Paved yard Yes
Kitchen Yes
Lounges 3
Storeys 1
Intercom Yes
Flatlets 3
Reception Yes
Access gate Yes
Dining areas 3
Pre Paid Water Yes
Pre Paid Electricity Yes
Finance
Bond Calculator
*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Leapfrog Property Group does not accept liability for any damages arising from the use of this calculator.