R4,900,000
R4,900,000
10 bedrooms6 bathrooms7 garages3 parking baysErf 2795 m²Energy supplies: Other and Solar PowerWater supplies: Council Supply
Security complex home for sale in Signal Hill, Newcastle
Own your own secure, low maintenance complex with a steady income stream
EXCLUSIVE MANDATE: Perched at the top of a terraced garden, the main spacious open-plan home of this income-earning property, enjoys beautiful views of town.
The property is a small complex on 2 separate plots, offering safe, secure living. The main home is almost off the grid and extra income is earned from the 4 cottages on the property, making this investment and excellent choice for multi-generational families or for retired persons wanting to downscale while earning a tidy rental income to supplement their pensions.
The property would be a great addition to a rental portfolio for property investors.
The developer's building design style was crafted with low maintenance front of mind. Located in a quiet suburb, peaceful living is enjoyed here.
Features
Key features
- Main house: Covered patio with built in braai, 2 geysers, solar system (18 panels, 3 batteries, inverter (10.8 KW) - around 2.5 years old
- 3 x 2 bedroom cottages - earning R6980 each
- 1 x bachelor cottage - earning R5100
- Cottages are on prepaid electrical meters
- Cottage 4 runs on solar
- Inside and outside alarm system runs on solar
- Electric fencing on solar
- Security driveway gate on solar
- 2 x water tanks (2500 liters each) with pumps on solar
- Main house and cottages have water filtration systems installed
Listing details
Rooms
- 3 Bedrooms
- Main Bedroom
- Main bedroom with en-suite bathroom, air conditioner, built-in cupboards and carpeted floors
- Bedroom 2
- Bedroom with built-in cupboards, carpeted floors, ceiling fan and sliding doors
- Bedroom 3
- Bedroom with blinds, built-in cupboards, carpeted floors and ceiling fan
- 2 Bathrooms
- Bathroom 1
- Bathroom with basin, bath, shower, tiled floors and toilet
- Bathroom 2
- Bathroom with basin, shower, tiled floors and toilet
- Other rooms
- Dining Room
- Open plan dining room with air conditioner and vinyl flooring
- Kitchen
- Open plan kitchen with ceiling fan, centre island, gas, gas oven, granite tops, vinyl flooring and wood finishes
- Living Room
- Open plan living room with ceiling fan
- Entertainment Room
- Entertainment room with tiled floors and wood fireplace
Other features
Additional buildings
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