House for sale in Howick

Howick is experiencing a significant shortage of quality rental accommodation for middle-income earners, making this property an exciting opportunity for a savvy investor looking to build a strong rental portfolio.

Location, Location, Location

Ideally positioned directly opposite Howick Prep and within easy walking distance of the town centre, this property is perfectly placed for convenient access to schools, shops and amenities.

Multiple Rental Opportunities

The property already offers:

1. 2 x two-bedroom cottages

2. 1 x one-bedroom flatlet

3. A main house that could potentially be converted into a further 2 or 3 rental units , depending on the final design and finishes.

The Numbers

The existing rental income is approximately R16,000 per month . With the potential addition of three more units, the property could generate a further R15,000 per month , depending on the size and quality of the completed units.

That could take the potential gross rental income to approximately R31,000 per month .

Simple Rental Management

Prepaid water and electricity meters take much of the hassle out of utility billing. Rent, maintain and let the property work for you.

And if the thought of managing tenants and rental administration makes your hair stand on end — we can help with that too. Rental management can be taken care of, allowing you to enjoy the benefits without all the day-to-day administration.

It's a no-brainer — as my kids would say!

If you're looking for a property with existing income, development potential and an excellent location , this one deserves your attention.