House sold in Palmiet, Reservoir Hills

House sold in Palmiet, Reservoir Hills - 1WP1693759
  • Sold

R550,000

8 bedrooms3 bathrooms15 parking baysBuilding 208 m²

Expenses

Rates and Taxes: 
R666 per month
  • Parking
  • Pet Friendly
Listing #: 1WP1693759

CASH BUYERS ONLY – High Returns, Low Overheads!

THIS PROPERTY IS FOR CASH BUYERS ONLY. IT CANNOT BE BONDED BY THE BANK. Due to informal settlement next door.

Located in the heart of Clare Estate on Palmiet Road, this versatile double-story property offers 208 sqm of undercover space with ample parking and dual driveway access. Whether you're looking for a spacious family home or a high-yield investment, this property delivers exceptional rental income potential.

Property Features:

✅ Ground Floor:

• Separate driveway access

• 2 Bedrooms, Lounge, Kitchen, Bathroom

• Currently operating as a panel-beating workshop

✅ Upper Floor:

• Separate driveway access

• 7 Single Bedrooms, Lounge, Kitchen, 2 Bathrooms

Investment Highlights:

• All rooms have prepaid electricity meters

• Total monthly rental income: R15,000, with room for growth

• Rates: R666 per month | No levies

At just R550 000, cash and some TLC. This property is a rare find with excellent rental demand and long-term appreciation potential. Don't miss out on this prime investment opportunity!

📞 Contact me today to schedule your private viewing!

Listing details

Rooms

    • 8 Bedrooms
      • Bedroom 1
      • Bedroom with curtain rails and tiled floors
      • Bedroom 2
      • Bedroom with curtain rails and tiled floors
      • Bedroom 3
      • Bedroom with curtain rails and tiled floors
      • Bedroom 4
      • Bedroom with curtain rails and tiled floors
      • Bedroom 5
      • Bedroom with curtain rails and tiled floors
      • Bedroom 6
      • Bedroom with curtain rails and tiled floors
      • Bedroom 7
      • Bedroom with curtain rails and tiled floors
      • Bedroom 8
      • Bedroom with curtain rails and tiled floors
    • 3 Bathrooms
      • Bathroom 1
      • Bathroom with basin, shower and toilet
      • Bathroom 2
      • Bathroom with basin, shower and toilet
      • Bathroom 3
      • Bathroom with basin, shower and toilet
    • Other rooms
      • Kitchen
      • Kitchen with tiled floors
      • Living Room 1
      • Living room 1 with blinds, curtain rails and tiled floors
      • Living Room 2
      • Living room 2 with blinds, curtain rails and tiled floors

Other features

Westville/Pinetown Office

29 Wandsbeck Road, Westville, 3631, KwaZulu-Natal
Registered with the PPRA.Holder of a Business Property Practitioner FFC. Operating a Trust Account. A Franchise of Pam Golding Franchise Services (Pty) Ltd.ZS Holdings (Pty) Ltd t/a Pam Golding Properties Westville & Pinetown
Westville/Pinetown Office details

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