Double-storey house for sale in Palmiet, Reservoir Hills

Income-Generating Home with Exceptional Investment Opportunity
After 14 wonderful years, this much-loved family home is now on the market due to family commitments. Offering space, versatility, and excellent rental income, this property is ideal for extended families or savvy investors.
As you arrive, you are welcomed by open parking for four cars, conveniently situated in front of a double garage. A short flight of stairs leads you to the main entrance, where you'll also find a versatile room currently used as a workshop with an additional storeroom.
The main house features a spacious layout with a separate lounge, a dining room with valley views, and a well-sized kitchen fitted with ample counter space, extractor, stove, and oven. The home offers three bedrooms, including a main bedroom with en-suite bathroom and dressing room, while the other two bedrooms are serviced by a separate toilet and bathroom.
Downstairs, the property boasts two self-contained income-generating units:
• A 1-bedroom flatlet with its own bathroom (shower & toilet).
• A 2-bedroom flatlet complete with lounge, kitchen, bathroom, and laundry.
These units have long-standing tenants in place, generating a reliable rental income of R5,500 per month.
With 307m² under roof on a generous 1,407m² erf, plus the added benefit of a fitted alarm system, this property represents outstanding value at this price point.
Call today to arrange a private viewing of this remarkable investment property!
Listing details
Rooms
- 6 Bedrooms
- Main Bedroom
- Main bedroom with en-suite bathroom, built-in cupboards, curtain rails and tiled floors
- Bedroom 2
- Bedroom with built-in cupboards, curtain rails and tiled floors
- Bedroom 3
- Bedroom with built-in cupboards, curtain rails and tiled floors
- Bedroom 4
- Bedroom with built-in cupboards, curtain rails and tiled floors
- Bedroom 5
- Bedroom with built-in cupboards, curtain rails and tiled floors
- Bedroom 6
- Bedroom with built-in cupboards, curtain rails and tiled floors
- 2 Bathrooms
- Bathroom 1
- Bathroom with basin, shower and toilet
- Bathroom 2
- Bathroom with basin, bath, tiled floors and toilet
- Other rooms
- Dining Room
- Dining room with curtain rails and tiled floors
- Kitchen
- Kitchen with breakfast nook, extractor fan, oven and hob, stove and tiled floors
- Living Room
- Living room with curtain rails and tiled floors
