4 Bedroom House For Sale in Howick Central

An Investment Opportunity with Income and Further Potential
This property is designed to appeal to the astute investor or a large family. With a shortage of well-located rental accommodation for middle-income tenants in Howick, the property presents an opportunity to establish or expand a profitable rental portfolio.
An Exceptional Position
Location is one of this property's strongest advantages. Situated directly opposite Howick Prep and within comfortable walking distance of the town centre, tenants have convenient access to schools, shops, services and everyday amenities.
Existing Rental Accommodation
The property currently comprises several separate rental opportunities:
2 x two-bedroom cottages
1 x one-bedroom flatlet
A main house with the potential to be reconfigured into a further 2 or 3 rental units, subject to the final design, layout and quality of finishes.
This combination of existing accommodation and additional development potential provides an attractive platform for increasing the property's rental yield over time.
Income Potential
The existing rental accommodation currently produces approximately R16,000 per month in rental income.
By converting the main house into up to three additional units, there is potential to generate an estimated additional R15,000 per month, depending on the eventual size, configuration and finishes of the units.
This could result in a potential gross rental income of approximately R31,000 per month once all the units are completed and occupied.
Convenient Rental Management
The property is equipped with prepaid water and electricity meters, helping to simplify utility management and reduce the administrative burden associated with tenant billing.
And if managing tenants, maintenance and rental administration isn't your idea of fun, there is also the option of having the rental management handled for you. This allows you to focus on the investment while leaving the day-to-day management to professionals.
An Opportunity Worth Exploring
With established rental income, scope to create additional units and a highly convenient location, this property offers several of the ingredients an investor looks for when building a rental portfolio.
If you're searching for an investment with both immediate income and future growth potential, this Howick property is certainly one to put on your viewing list.