Sale
South Africa

3

Beds

2

Baths

13

Parking

1,457 m²

Floor area

1,457 m²

Stand size

House 5 beds 2 baths 1,457 m²

About this property

A rare and lucrative opportunity awaits on Prime Sarnia Road, Sea View. This expansive, level plot of 1457 square metres is not just land; it's an immediate income-generating asset currently bringing in a total rental income of R12,000 per month, excluding utilities (both tenants use prepaid electricity and water meters).

The versatile property comprises multiple structures and has so much more potential.

Main House: This spacious residence features a practical layout with a fitted kitchen (ready for your chosen stove), a large separate lounge, and a spacious dining room. It offers three comfortable bedrooms (two with built-in cupboards) and a huge full family bathroom equipped with a shower, bath, basin, and toilet.

Granny Cottage: Providing excellent independence and rental value, the separate cottage features an open-plan lounge, dining area, and kitchen, two bedrooms, and a spacious bathroom with a shower, basin, and toilet. It is fully self-sufficient with its own prepaid electricity and water meters.

Future Potential: A significant bonus lies in the additional structure at the back of the property which can be renovated and converted into a second granny cottage, offering massive potential for further increasing rental income.

The massive yard is a true gem, featuring a beautifully cultivated garden with fresh vegetables, papaya trees, and pumpkin, a delight for any nature lover.

With abundant parking space, the enormous yard provides plenty of room to add a custom entertainment area, a pool, or further rental units, maximizing your return on investment.

This is a unique chance to secure a colossal piece of land on a prime road, delivering instant rental returns and boundless possibilities for expansion. Whether you are an investor looking for cash flow or a developer seeking scale, this property is unmissable.

Rooms & layout

Bedroom × 5
Bathroom × 2
Kitchen × 2
Living room × 2
Dining Room
Garage × 13

Features & amenities

GardenParkingRental incomeGranny cottageMulti unitDevelopment potentialLevel plotVegetable gardenFruit trees

Price & ownership

Asking price R 1 100 000
Price per m² R 755
Municipal valuation -

Cost to buy (indicative)

Purchase type is not confirmed below. Transfer duty is estimated for a standard resale (not a VAT-inclusive developer or vendor sale). Check with the agent.

Upfront split

Property price R 1,1M
Taxes + legal + admin fees R 24,6K

Rough split: 97.8% purchase price, 2.2% buying costs.

  • Asking price R 1 100 000
  • Deeds Office (transfer) R 956
  • Conveyancing (est., incl. VAT) R 23 575
  • Deeds lodgement R 52
  • Total indicative R 1 124 583

Estimates from SARS transfer duty tables, Deeds Office–style fees, and LSSA conveyancing guidelines. Not financial or legal advice — confirm with your attorney. Duty uses the higher of price or market value.

Table ref: sars_2025-04-01

Bond Calculator

R 10 388 /month

Total paid over 20 years (deposit + repayments): R 2 603 032

Deposit 10% · R 110 000
Loan term 20 years
5 yr 30 yr
Interest rate 11.25% p.a.
5% Prime ~11.25% 20%

Monthly repayment vs interest rate (deposit fixed at 10%)

Monthly repayment vs deposit percentage (rate fixed at 11.25%)

Indicative estimate only. Loan of R 990 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

© 2026 Fermain Pty Ltd, trading as Yagr.