2 Bedroom House for sale in Tarragona

Description

Offers from R6 500 000. Set on a beautiful, 1 637m2, plot in one of Hout Bay’s top three suburbs, this unique country property offers both immediate income and exceptional future potential. The property currently features a charming, cosy cottage generating approximately R240,000 per annum, making it an attractive income-producing asset from day one. What truly sets this opportunity apart are two compelling advantages: 1. Significant Development Upside The generous land size allows for the construction of a second dwelling. This presents a clear opportunity to create substantial additional value—whether for resale, rental income, or multi-generational living. Alternatively, demolish the existing cottage and construct 1 - 2 dream homes in an idyllic, forest setting with far reaching mountain views. 2. A Dream Cottage with Minimal Investment With a touch of... Offers from R6 500 000. Set on a beautiful, 1 637m2, plot in one of Hout Bay’s top three suburbs, this unique country property offers both immediate income and exceptional future potential. The property currently features a charming, cosy cottage generating approximately R240,000 per annum, making it an attractive income-producing asset from day one. What truly sets this opportunity apart are two compelling advantages: 1. Significant Development Upside The generous land size allows for the construction of a second dwelling. This presents a clear opportunity to create substantial additional value—whether for resale, rental income, or multi-generational living. Alternatively, demolish the existing cottage and construct 1 - 2 dream homes in an idyllic, forest setting with far reaching mountain views. 2. A Dream Cottage with Minimal Investment With a touch of imagination and light enhancement, the existing cottage can be transformed into the quintessential country retreat—full of character, warmth, and lifestyle appeal. Located in Tarragona, where stock is extremely limited and demand continues to grow, this offering is increasingly rare. Property values in the area are forecast to keep rising, further strengthening the investment case. Opportunities like this—combining income, lifestyle, and development potential—are becoming scarce in Hout Bay. The property is perimeter-secured with an existing driveway in place. A new driveway will be positioned at the rear of the property, ensuring enhanced privacy for the cottage and any future development. Enjoy country living, close to the ocean and with mountain backdrops from every angle. Quiet, low density neighbourhood. A rare convergence of location, land size, and development options in prime Tarragona. Final subdivision approved. S137 certificate pending. A smart acquisition for the discerning buyer Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#734625774","type":"c"}));

What we know about this property

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Portal facts

Bedrooms

2

Erf Size

1 637 m²

Bathrooms

2

Listing Date

01 September 2026

Pets Allowed

Yes

Listing Number

117579398

Type of Property

House