R 4 350 000 | 9 Bedroom House for Sale in Observatory

Welcome to a versatile property that promises unmatched potential for both personal living and lucrative investment. Whether you’re looking for a family home, an income-generating rental, or a mix of both, this property offers unlimited options and flexibility to suit your needs.

Main House: This aesthetically designed, spacious 4-bedroom, 3-bathroom home is perfect for comfortable family living. Featuring a large living room and an inviting lounge area, the home offers plenty of space to relax and entertain. The kitchen is a true highlight, designed with luxury in mind, offering fully fitted cabinetry and a separate scullery. With a fully functional solar system in place, you’re also exempt from load shedding, ensuring uninterrupted power supply at all times.

The Yard and Additional Units: Step outside to discover an expansive yard with 5 well-maintained units, 4 carports, and ample parking space—ideal for multi-family living or income-generating possibilities.

Unit 1 (3-Bedroom, 2-Bathroom): This spacious unit includes a large sitting area, living room, fully equipped kitchen, and a cozy patio perfect for relaxing. Currently operating as a successful Airbnb with all necessary furniture and short-term rental setup, it promises great returns.

Unit 2 (1-Bedroom Loft): This charming loft unit features a living room, kitchen, and a bedroom located on the second floor. Also operating as an Airbnb, it’s fully furnished and ready to welcome guests for a short-term stay.

Unit 3 (1-Bedroom Cottage): A beautifully designed, standalone cottage with a full kitchen, living room, and a spacious bathroom. Another gem in the Airbnb lineup, offering comfort and privacy for guests.

Unit 4 (Bachelor Unit): A cozy bachelor unit complete with a bathroom, kitchen, and living area—ideal for single occupants or couples.

Unit 5 (1-Bedroom Cottage for Rental): Currently rented out as a doctor’s consultation unit for R6,000/month (with potential for R8,000/month), this unit provides steady cash flow and an excellent opportunity for consistent rental income.

Location: Located in the highly sought-after area of Observatory, this property is perfectly positioned just minutes away from key amenities. You’re only:

10 minutes to Melrose Arch
10 minutes to Eastgate Shopping Centre
10 minutes to Rosebank Additionally, the area boasts excellent schools and numerous shopping centers, making it an attractive location for both tenants and homebuyers.

Whether you’re looking to invest or live in a property that works for you, this is an opportunity you don’t want to miss. The flexibility to live in one unit while generating income from the others, combined with the addition of a private swimming pool, makes this property truly one of a kind.

Contact us today to schedule a viewing and explore the possibilities!