10 Bedroom House for sale in Flamingo Vlei

Description

Seller will consider offers from R8 495 000! A unique investment opportunity in the heart of Flamingo Vlei, offering stable long-term returns for investors and occupation options for potential owner-occupiers. This versatile property comprises eight self-contained units of varying sizes, including the main dwelling on the second floor, all arranged over three levels, with secure on-site parking. The configuration allows for a diverse rental mix — from compact lock-up-and-go apartments to larger living spaces — ensuring broad tenant appeal and consistent occupancy. Achieving a current gross income of R83 000 per month, with monthly expenses incl. rates of between +- R15 000 - R20 000, this property provides a solid return which will increase each year with normal rental escalations and adjustments. Ideal for: • Investors seeking a well-performing,... Seller will consider offers from R8 495 000! A unique investment opportunity in the heart of Flamingo Vlei, offering stable long-term returns for investors and occupation options for potential owner-occupiers. This versatile property comprises eight self-contained units of varying sizes, including the main dwelling on the second floor, all arranged over three levels, with secure on-site parking. The configuration allows for a diverse rental mix — from compact lock-up-and-go apartments to larger living spaces — ensuring broad tenant appeal and consistent occupancy. Achieving a current gross income of R83 000 per month, with monthly expenses incl. rates of between +- R15 000 - R20 000, this property provides a solid return which will increase each year with normal rental escalations and adjustments. Ideal for: • Investors seeking a well-performing, income-generating asset with growth potential. • Owner-occupiers looking to reside in one of the units (or the main house) while benefiting from a steady rental income from the remaining units. Situated in a sought-after pocket of Flamingo Vlei, close to shops, schools, and public transport routes, this property represents a rare chance to secure a multi-unit investment in a high-demand residential area. Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#-1693598783","type":"c"}));

What we know about this property

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Portal facts

Garage

2

Parking

6

Bedrooms

10

Coverage

1 %

Erf Size

959 m²

Security

Security Gate

Bathrooms

8.5

Floor Size

558 m²

Description

Single Storey

Listing Date

03 November 2025

Pets Allowed

Yes

Listing Number

116609770

Rates and Taxes

R 8 000

Special Feature

Totally Walled

Number of floors

1

Type of Property

House

Standalone Building

Yes