Web Ref RL691
R2,995,000
Monthly Bond Repayment R29,901.47
Calculated over 20 years at 10.5% with no deposit.
Change Assumptions
Calculate Affordability | Calculate Bond & Transfer Costs | Currency Converter
Monthly Rates
R2,081
R2,081
RARE SPRINGFIELD GEM, Versatile 3-Bed Home + MULTIPLE INCOME FLATLETS
Full Property Description
A Home of Unmatched Potential: Live, Entertain, and Prosper in Springfield
If you've been searching for a property that does it all – a warm family home, an entertainer's dream, and a powerful income generator – your search ends here. This is not just a listing; it's a rare opportunity to secure a landmark property in the heart of Springfield, mere minutes from the brand-new Varsity College campus. This is Port Elizabeth living at its most versatile.
Your Spacious & Charming Family Residence
Step through the door into a character-filled home designed for modern living. Sunlight streams into the expansive lounge and elegant dining area, but the heart of the home is the stunning indoor entertainment zone. Here, a built-in braai sets the scene for year-round gatherings with family and friends.
The large, modern kitchen is a chef’s delight, featuring a gas hob, built-in oven, ample storage, and space for a double-door fridge. Three generously sized bedrooms provide peaceful retreats, complemented by a cozy pyjama lounge – the perfect spot for quiet evenings. Two full family bathrooms ensure convenience for everyone.
Your Premier Investment Opportunity
What truly sets this property apart is its exceptional income potential, perfectly positioned to capitalise on the high-demand student rental market.
The existing configuration includes:
A Self-Contained 1-Bedroom Flatlet: Next to the garage, featuring an open-plan kitchen/living area and its own full bathroom. currently tenanted
A Spacious Upstairs Flat: Located above the garage, this unit offers an open-plan kitchen/living area, one bedroom, and a full bathroom. Currently tenanted
But the potential doesn't stop there. The property offers incredible scope to expand your portfolio:
A separate large room with existing plumbing is easily convertible into a third flatlet.
The main house's three bedrooms each have adjacent space perfect for adding en-suite bathrooms, ideal for a multi-tenant setup.
Ample Space for Cars, Hobbies, and Storage
The extra-large double garage (on remote) can comfortably house up to four vehicles or be transformed into a fantastic workshop. Additional undercover storage and a peaceful, open-air courtyard provide even more utility and charm.
A Location That Can't Be Beaten
Nestled in the sought-after Springfield community, you are just 900m from the new Varsity College campus – a guaranteed source of high-demand tenants for decades to come. You're also close to great schools, shopping, and all major transport routes.
This property seamlessly blends versatile family living with strong, reliable income. Whether you're an owner-occupier looking to offset your bond or a savvy investor building a portfolio, this is your chance.
Contact me today for a private viewing. This unique offering will not last.
Key Features:
Main House: 3 Bedrooms | 2 Bathrooms | Pyjama Lounge | Lounge & Dining Area
Entertainment: Sunroom with Built-in Braai | Indoor Braai Pit
Kitchen: Modern, Gas Hob, Built-in Oven, Ample Storage
Income Units: 1-Bedroom Flatlet + 1-Bedroom Upstairs Flat + Room for 3rd Conversion
Parking & Storage: Extra-Large Double Garage (fits 4 cars) | Additional Undercover Storage
Location: 900m from Varsity College | High-Demand Springfield Area
Disclaimer: While we endeavour to ensure the accuracy of the information provided, this material is intended as a guide only. All dimensions, layouts, and potential usage are approximate and should be verified by the purchaser through independent inspection and their own due diligence.
A Home of Unmatched Potential: Live, Entertain, and Prosper in Springfield
If you've been searching for a property that does it all – a warm family home, an entertainer's dream, and a powerful income generator – your search ends here. This is not just a listing; it's a rare opportunity to secure a landmark property in the heart of Springfield, mere minutes from the brand-new Varsity College campus. This is Port Elizabeth living at its most versatile.
Your Spacious & Charming Family Residence
Step through the door into a character-filled home designed for modern living. Sunlight streams into the expansive lounge and elegant dining area, but the heart of the home is the stunning indoor entertainment zone. Here, a built-in braai sets the scene for year-round gatherings with family and friends.
The large, modern kitchen is a chef’s delight, featuring a gas hob, built-in oven, ample storage, and space for a double-door fridge. Three generously sized bedrooms provide peaceful retreats, complemented by a cozy pyjama lounge – the perfect spot for quiet evenings. Two full family bathrooms ensure convenience for everyone.
Your Premier Investment Opportunity
What truly sets this property apart is its exceptional income potential, perfectly positioned to capitalise on the high-demand student rental market.
The existing configuration includes:
A Self-Contained 1-Bedroom Flatlet: Next to the garage, featuring an open-plan kitchen/living area and its own full bathroom. currently tenanted
A Spacious Upstairs Flat: Located above the garage, this unit offers an open-plan kitchen/living area, one bedroom, and a full bathroom. Currently tenanted
But the potential doesn't stop there. The property offers incredible scope to expand your portfolio:
A separate large room with existing plumbing is easily convertible into a third flatlet.
The main house's three bedrooms each have adjacent space perfect for adding en-suite bathrooms, ideal for a multi-tenant setup.
Ample Space for Cars, Hobbies, and Storage
The extra-large double garage (on remote) can comfortably house up to four vehicles or be transformed into a fantastic workshop. Additional undercover storage and a peaceful, open-air courtyard provide even more utility and charm.
A Location That Can't Be Beaten
Nestled in the sought-after Springfield community, you are just 900m from the new Varsity College campus – a guaranteed source of high-demand tenants for decades to come. You're also close to great schools, shopping, and all major transport routes.
This property seamlessly blends versatile family living with strong, reliable income. Whether you're an owner-occupier looking to offset your bond or a savvy investor building a portfolio, this is your chance.
Contact me today for a private viewing. This unique offering will not last.
Key Features:
Main House: 3 Bedrooms | 2 Bathrooms | Pyjama Lounge | Lounge & Dining Area
Entertainment: Sunroom with Built-in Braai | Indoor Braai Pit
Kitchen: Modern, Gas Hob, Built-in Oven, Ample Storage
Income Units: 1-Bedroom Flatlet + 1-Bedroom Upstairs Flat + Room for 3rd Conversion
Parking & Storage: Extra-Large Double Garage (fits 4 cars) | Additional Undercover Storage
Location: 900m from Varsity College | High-Demand Springfield Area
Disclaimer: While we endeavour to ensure the accuracy of the information provided, this material is intended as a guide only. All dimensions, layouts, and potential usage are approximate and should be verified by the purchaser through independent inspection and their own due diligence.
Features
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
2
Kitchen
1
Reception Rooms
1
Furnished
No
Exterior
Garages
2
Security
No
Parkings
4
Flatlet
2
Pool
No
Sizes
Land Size
844m²
