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Lotusville, Lotusville, Verulam, KwaZulu-Natal
R 1 800 000
A rare investment opportunity or a multi-generational family estate. This secure, solid, and immaculately maintained property sits on a substantial 1000 sqm stand in the sought-after suburb of Lotusville. Combining a 3-bedroom main residence with two fully occupied, income-generating flatlets, this property offers immediate cash flow with exceptional further development potential. Main Residence: Luxury and Space The main homestead boasts premium full-marble flooring, spacious interiors, and a thoughtful layout designed for seamless family living. • Master Suite: An expansive private sanctuary featuring air conditioning, a large walk-in dressing room, and a massive en-suite bathroom with a bathtub and toilet. The main bedroom opens onto a private balcony offering scenic neighborhood views, perfectly suited for conversion into a sunroom or bedroom extension. • Additional Bedrooms: Two generously sized bedrooms with built-in cupboards, one equipped with air conditioning. • Bathrooms: A large family bathroom with a shower, bathtub, and toilet, plus an additional guest toilet for convenience. • Living Areas: A spacious, welcoming lounge, a separate formal dining room, and a dedicated kids playroom. • Gourmet Kitchen and Scullery: A unique, oversized kitchen equipped with a custom built-in dining table with integrated seating, and a separate scullery. The scullery opens onto a rear balcony, perfect for outdoor entertaining while enjoying panoramic views. Income-Generating Flatlets Positioned for maximum privacy from the main house, two fully occupied, high-tenant-demand units offer an immediate revenue stream. • Layout: Each unit features 2 massive bedrooms, a fitted kitchen, a lounge, a dining room, and a modern bathroom with a shower and toilet (one unit includes a second toilet). • Utility Efficiency: Both units are fully independent, equipped with brand-new separate geysers and individual prepaid water and electricity meters. Expansion and Development Potential (Potential R20,000 pm Additional ROI) The vast, accessible 1000 sqm stand is a developers blueprint: • Ample land available at the lower tier of the property to construct an additional 4 rental units. • Space allows for a completely separate driveway and dedicated parking bays. • Projected Additional Revenue: An estimated R20,000 per month (4 x R5,000). Parking, Security and Exterior Features • Garages and Parking: A double automated garage with direct, secure access interleading into the main home. The paved and tarred driveway offers secure parking for approximately 8 vehicles, with extensive additional parking space available on the lower grounds. • Advanced Security: Fully fenced perimeter with an automated driveway gate. All windows feature robust security bars, and all exterior doors are fitted with security gates. • Surveillance and Automation: Equipped with an 8-channel Wi-Fi CCTV camera system for remote mobile monitoring, a linked alarm system with armed response, and full LED perimeter lighting for maximum nighttime visibility. • Storage: Added spacious storerooms for garden tools and equipment. Prime Location Perfectly positioned for effortless commuting and lifestyle convenience: • Immediate, seamless access to the R102 highway (connecting Ottawa, Verulam, and the Umdloti M27). • A short, scenic 10-minute drive to Umdloti Beach. • Close proximity to local schools, shopping centers, and essential amenities.
Estimated monthly repayment
R 16 998
on a R 1 620 000 bond over 20 years at 11.25%
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Lotusville, Lotusville, Verulam, KwaZulu-Natal
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Liivra AI market value
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Listed by
Sipho Botha
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