4 Bedroom House For Sale in Mount Michael

CALLING INVESTORS. ENJOY A PASSIVE INCOME OF 23 600.00 RAND FROM THE UNITS ON THESE TWO SUBDIVISIONS PLUS LIVE ON SITE.

This property is presented to you via a Sole mandate, very proudly by Natal Property Consultants. Located in the cool just above Blackridge in the lower area of Mount Michael.
Are you a lover of open spaces, wildlife, birds, and a luscious environment with rolling lawns surrounded by mature flowering shrubs and large shady indigenous and exotic adding to the beauty of the entire property including Avo and pecan nut trees. You are? Then you must view this interesting property, well two of them!!! Which is awesome however if you are an investor and wish for the rental received on this property to cover a bond of the asking price. Read on. On a 20-year bond at 11.25% you pay R 19411.00 per month. It still leaves a 2 bedroomed portion of the main house available to rent out, should you not need to live on site. An estimation on a rental amount in my view is R 6000.00 pm.
The property is well fenced and each of the buildings are in turn fenced off too. Access is via a remote gate leading to both subdivisions up a quiet road in Mount Michael. There are separate meters to each plot supplying electricity and water.
ERF number ONE: SIZE is 5243 sqm
Elevated Main house with views over the garden, with a very relaxing feel, consisting of four bedrooms, two bathrooms, fitted kitchen, dining room and two lounges. The home was built as a hanger style farmhouse making it very easy to change its footprint to suit anyone. The house has attractive banded ironstone floors giving it a warm feeling along with a Jet master in place, along with wooden ceilings throughout the buildings. Currently it is portioned into two units allowing for the owner to live in one and rents out the other for R 7400.00 p.m. it can easily be converted back to a full house by removing dry walling in the passage.
There is a separate block of five outdoor rooms, or offices. A covered patio lies adjacent to these rooms. Giving plenty of storage space or to use for day to day activities.
Added value is the garden cottage boasting open plan living area with a fitted kitchenette, one bedroom with two freestanding wardrobes, bathroom with shower, toilet and basin. With its own covered patio looking out into the garden, in its own fenced area. It gets R 5000.00 p.m in rental which includes water and lights, with a fitted alarm and armed response. Has a garage adjacent to it which is part of the double garage. All the cottages have pine ceilings keeping the same flow throughout the property.
ERF number TWO; SIZE is 4000sqm
This plot has a modular built Concrete spacious cottage within a fenced area with a double carport and a shed for storage. Separate bespoke kitchen area boasting an ample number of fitted cupboards which is a little unusually spacious and very adequate. This cottage boasts two bedrooms, fitted with B.I.C.S, one bathroom with shower. The lounge opens out to one of the covered patios that in turn looks out into the garden. Bonus is the two covered patio to enjoy the quiet of the area.
Very pet friendly and achieves 6500.00 p.m with a prepaid electricity meter. It is fully alarmed for the peace of mind of the residents.
PLUS, ON THE SAME PLOT;
1 x separate cottage consisting of kitchen, one bedroomed, one bathroom and open plan living area with its own fenced area and a covered patio/ Catio area making it very pet friendly. A wooden shed completes the picture for extra storage. PLUS, a carport. It is fully alarmed. This unit achieves R 4700.00 p.m in rental with prepaid electricity, includes water and garden maintenance.
The property is located halfway between Pietermaritzburg and Hilton, offering easy access to good schools in the area for example both Jnr and Senior, as well as private and Government. For example, we have Clarendon Primary and Prestbury, Linpark High is just down the road and Carter High over the hill. Wykeham Collegiate lies on this side of town too. Not forgetting other schools, we have just up the hill in Hilton like St Annes and the very friendly Laddsworth, a Junior school. There are several pre-schools close by too Major shopping centres are also close by and commuting into Pietermaritzburg is an easy run.
Call the listing agent to have a one-on-one tour of the two properties.