Property description

3 Bedroom House with Potential Income-Generating Flatlet in Malibu Village, Blue Downs
Welcome to an exceptional investment opportunity in the heart of Malibu Village! This corner-plot property, priced at R1,400,000, offers incredible potential for savvy investors or large families looking for a versatile living space. With a little vision and some renovation work, you can transform this property into a high-yield rental asset or a spacious family home with multiple income streams.

Property Overview
The main house features three bedrooms, a kitchen, a lounge, and a TV room. The master bedroom is complete with a convenient en-suite bathroom, and there's also a separate main bathroom for the rest of the house. The property is currently occupied by a large family, so there are no immediate issues like leaks or major structural problems, making it perfectly livable as is. What makes this property truly unique is the double garage that has been converted into a two-bedroom flatlet. This additional unit includes two decent-sized bedrooms, a kitchen, and a lounge, offering a perfect setup for rental income or a private space for extended family.

Potential and Investment
This property is a renovator's dream. While it needs a lot of work to reach its full potential, the large corner plot provides ample space for expansion and customization. The current layout offers multiple possibilities:
Investment Property: Renovate and rent out the three separate units (main house and the two-bedroom flatlet) to maximize your rental income.
Family Living: Live in the main house while using the flatlet to generate passive income.
Business Opportunity: The flatlet's versatile layout is ideal for a home-based business, such as a barber shop, workshop, or office.

Location
Situated in the family-friendly neighborhood of Malibu Village, Blue Downs, this home is conveniently located near essential amenities. You'll be within easy reach of schools, shopping centers, and medical surgeries, making it an attractive location for tenants and homeowners alike.
This is more than just a house; it's a solid investment in your future. If you're ready to take on a project with a fantastic return on investment, this property is for you.