2 bedroom house with 3 income generating sources

Positioned in the heart of Essenwood, one of Berea’s most sought-after residential nodes and within easy walking distance of The Atrium Shopping Centre, this exceptional multi-unit property offers investors a rare combination of flexibility, scale, and income. Essenwood’s leafy streets, proximity to Musgrave’s retail and business precinct, and consistent rental demand from professionals and students alike make this an address with genuine long-term appeal.

The property comprises a downstairs unit currently configured as office space but easily reverted to residential use

An upstairs maisonette with an open-plan dining and lounge area, and two fully self-contained granny flats at the rear; each unit offers its own kitchen, bathroom facilities, and independent access, making the property equally suited to multi-generational family living or a fully tenanted investment portfolio under one title.

The downstairs unit currently generates R12,500 per month as office space, with an open-plan reception area, three additional rooms, and a kitchen and bathroom;

Granny Flat 1, offering an open-plan lounge and dining area, two bedrooms with built-in cupboards, an en-suite main bedroom, and a second bathroom, generates R7,500 per month;

Granny Flat 2, a compact open-plan lounge, dining, and kitchen unit with one bedroom and a full bathroom, generates R5,500 per month.

The upstairs maisonette, currently occupied as the owner’s living space, has an achievable market rental of R10,000 per month; together, the four units represent a combined income potential of R35,500 per month, translating to a gross yield of over 15% on the asking price.

The upstairs unit itself offers a modern kitchen finished with quartz stone countertops, built-in cupboards, an oven, hob, extractor, and washing machine plumbing; two bedrooms with built-in cupboards; a main bedroom with an en-suite shower, toilet, and basin; a family bathroom; and a spacious undercover wooden deck for outdoor entertaining. Parking is well catered for with a lock-up garage plus tandem parking for up to five vehicles, and the property benefits from 24-hour manned security at the front gate, giving both owners and tenants peace of mind.

With seven bedrooms and seven bathrooms spread across four independently tenantable units, this is a genuinely rare offering in the Essenwood market; ideal for the investor seeking strong rental returns from a single, well-secured title, or for an extended family requiring separate, private living quarters within one property.

Rates and taxes are R8,900 per month.
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