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9 Bedroom House for Sale in East Bank

40 Albany Road, East Bank, Port Alfred
  • Bedrooms 9
  • Bathrooms 8
  • Garages 4
  • Erf Size 1 083 m²
    • m²: 1 083 m²
    • Hectares: 0.108 ha
    • Acres: 0.268 acres
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Mauneen Charter

Income generating residence with tremendous potential

A remarkable nine-bedroom, eight-bathroom property poised for versatile utilisation as a professional establishment or a lucrative rental investment. Comprising nine bedrooms and eight bathrooms in total, this residence offers multifaceted opportunities.

The upper level of the main house encompasses four distinct flatlets, each self-contained and featuring an open-plan layout comprising a lounge, bedroom, bathroom, and kitchenette. Sliding doors lead onto an expansive shared patio, affording scenic views of the swimming pool. Interconnected doors facilitate the creation of larger integrated spaces as desired.

On the lower level, a three-bedroom unit with two bathrooms, a lounge, kitchen, and an adaptable space presently utilised as a 'man-cave', but suitable for conversion into an additional bedroom or dining area, awaits. This section can function autonomously and...

A remarkable nine-bedroom, eight-bathroom property poised for versatile utilisation as a professional establishment or a lucrative rental investment. Comprising nine bedrooms and eight bathrooms in total, this residence offers multifaceted opportunities.

The upper level of the main house encompasses four distinct flatlets, each self-contained and featuring an open-plan layout comprising a lounge, bedroom, bathroom, and kitchenette. Sliding doors lead onto an expansive shared patio, affording scenic views of the swimming pool. Interconnected doors facilitate the creation of larger integrated spaces as desired.

On the lower level, a three-bedroom unit with two bathrooms, a lounge, kitchen, and an adaptable space presently utilised as a 'man-cave', but suitable for conversion into an additional bedroom or dining area, awaits. This section can function autonomously and boasts a charming veranda extending the length of the house, overlooking the pool.

Behind the main structure, two supplementary units with private entrances offer convenience and privacy, each featuring a bedsitter, kitchenette, and bathroom equipped with toilet, basin, and shower. Currently occupied by tenants, these units contribute to the property's rental income stream.

Parking amenities include a single garage, a spacious carport, and ample yard space for additional vehicles.

With current rental earnings averaging R 30,000, there exists substantial potential to enhance rental returns through property enhancements. This presents an enticing opportunity for investment, either as a self-sustaining asset or as a primary residence supplemented by rental income or Airbnb hosting.

Don't miss the chance to explore this versatile property firsthand. Contact us today to schedule a viewing.

Read More
Bedrooms Bedrooms: 9
Bathrooms Bathrooms: 8
Garages Garages: 1
Parking Parking: 3
Pet Friendly Pet Friendly
Pool Pool
Flatlet Flatlet
Garden Garden
Listing number: P24-114341479, Image number: 1
Listing number: P24-114341479, Image number: 2
Listing number: P24-114341479, Image number: 3
Listing number: P24-114341479, Image number: 4
Listing number: P24-114341479, Image number: 5
Listing number: P24-114341479, Image number: 6
Listing number: P24-114341479, Image number: 7
Listing number: P24-114341479, Image number: 8
Listing number: P24-114341479, Image number: 9
Property Overview
Listing Number
114341479
Type of Property
House
Street Address
40 Albany Road, East Bank
Listing Date
30 April 2024
Erf Size
1 083 m²
Pets Allowed
Yes
Coverage
50 %
Bedrooms
9
Bathrooms
8
Bathroom 1
Tiled Floors, Basin, Shower, Toilet
Bathroom 2
Tiled Floors
Bathroom 3
Tiled Floors
Bathroom 4
Tiled Floors
Bathroom 5
Tiled Floors
Bathroom 6
Tiled Floors
Bathroom 7
Tiled Floors
Bathroom 8
Tiled Floors
Kitchen
Laundry, Fridge, Tiled Floors, Tumble Dryer
Lounge
Tiled Floors, Curtain Rails
Dining Room
Tiled Floors
Garage
Single
Parking
3
Parking 1
Carport
Parking 2
Carport
Parking 3
Visitors Parking
Garden
Garden Services
Pool
Portapool, Auto Cleaning Equipment
Outbuildings
2
Outbuilding 1
Flatlet
Outbuilding 2
Flatlet
Style
Conventional
Facing
South
Wall
Brick, Plaster
Window
Steel
Security
Electric Gate, Alarm System, 24 Hour Response, Burglar Bars, Perimeter Wall
Flatlet
Yes
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Bond Calculator

R
R
%
years
Monthly Repayment:
Total Once-off Costs:
Min Gross Monthly Income:
View Breakdown
What do I qualify for based on my income?
What are the bond and transfer costs?
*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.
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(* Please enter phone number so the agent can contact you.)
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Contact Agent

(* Please enter phone number so the agent can contact you.)
By continuing I understand and agree with
Property24's Terms & Conditions and Privacy Policy.

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