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Western Cape
FindHomes
Western Cape
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R 2 450 000

Townsend Estate, Goodwood

5 47
495 m² land4 949 R/m²

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What's Special

Multi-unit income opportunity
Five flatlets included
Mid-century suburban style
Established rental income

Description

This investment property presents an attractive income-generating opportunity, with all existing rooms currently rented out. The property offers a diversified rental setup comprising accommodation within the main house, additional freestanding flatlets, as well as two further flatlets reflected on the plans, providing potential for future rental income growth.

The main house consists of five bedrooms, each fitted with its own prepaid electricity meter, together with a kitchenette and a shared family bathroom. The individual prepaid meters allow for more efficient management of electricity consumption and reduce the owner's exposure to utility costs. The property also provides secure on-site parking for up to five vehicles, with the parking area situated behind a gated entrance.

In addition to the existing accommodation, the plans provide for two further flatlets, each designed with its own kitchen and bathroom and equipped with an individual prepaid electricity meter. These additional units present an opportunity to increase the property's overall rental capacity and income potential, subject to the relevant approvals and completion requirements.

The property also includes three freestanding flatlets, each fitted with a kitchenette and sharing a family bathroom. These additional rental spaces further strengthen the property's income-producing profile and provide multiple streams of rental income from a single investment.

Overall, the property offers investors an established multi-unit rental opportunity with all existing accommodation currently occupied, individual prepaid electricity metering, secure parking, and additional development potential. The combination of current rental income and the opportunity to expand the number of income-producing units makes this a property with potential for both ongoing cash flow and future value enhancement.

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Features

Modern Kitchen with Built-in Appliances
Spacious Master Suite
Covered Patio
Double Garage
Walk-in Closet
Home Office Space

Rooms

3 Bedrooms
2 Bathrooms
Kitchen
Lounge
Study

Price History

1 July '25

Reduced by R195,000

R1,000,000

-16.3%

4 June '25

Listed on FindHomes

R1,195,000

Location

Location map preview

Listed by

Greeff Christie's
714 listings on FindHomes
JB
Jay-Jay Beya
18 listings on FindHomes
AH
Aaqilah Hendricks
20 listings on FindHomes

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Listed by
JB
Jay-Jay Beya
18 listings
AH
Aaqilah Hendricks
20 listings

Free account. Chat to the agents on WhatsApp and see the original listing.

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How it compares in Townsend Estate

Based on 23 live for-sale listings in this suburb.

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Rank it by price, price per m² and size against 23 listings in Townsend Estate.