11 Bedroom House For Sale in Observatory

Description

🏡 Versatile Investment Property – Live In, Rent Out, or Both! This unique property offers incredible flexibility—perfect whether you’re looking for a family home, rental income, or a combination of both. Situated in the popular area of Observatory, it’s a prime opportunity for smart investors or homeowners. 🏠 Main Residence: - Spacious 4-bedroom, 3-bathroom home - Open-plan living and lounge areas - Stylish, fully fitted modern kitchen + separate scullery - Equipped with a solar power system—no interruptions during load shedding - Ideal for families who value comfort and space 🌳 Outdoor Space & Extra Units: - Expansive yard with 5 additional rental units - 4 covered parking bays + plenty of space for more vehicles 🏘️ Rental Units Breakdown: 1. Unit 1 – 3 Bed, 2 Bath (Airbnb) - Includes lounge, dining area, full kitchen, and private patio - Fully furnished and generating income via Airbnb 2. Unit 2 – 1-Bedroom Loft (Airbnb) - Split-level with bedroom upstairs, living area and kitchen downstairs - Also fully furnished and actively rented on Airbnb 3. Unit 3 – 1-Bedroom Cottage (Airbnb) - Detached cottage with full kitchen, spacious lounge, and bathroom - Offers great guest privacy and comfort 4. Unit 4 – Bachelor Flat - Compact unit with kitchen, bathroom, and living area - Perfect for singles or couples 5. Unit 5 – 1-Bedroom Cottage (Long-Term Rental) - Currently leased as a **doctor’s consultation space** - Brings in **R6,000/month** (potential to earn up to **R8,000/month**) 📍 Excellent Location: - Conveniently close to: - Melrose Arch – 10 minutes - Eastgate Shopping Centre – 10 minutes - Surrounded by good schools and shopping options 🌟 Why It Stands Out: - Live in one unit while renting out the rest - Generate multiple streams of rental income - Includes a private swimming pool - Rare blend of personal comfort and financial potential