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R1,750,000 | 5 Bedroom House For Sale in Park Hill

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R1,750,000

130 Lancaster Grove, Park Hill, Durban North

Monthly Bond Repayment R17,471.64
Calculated over 20 years at 10.5% with no deposit. Change Assumptions

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Monthly Rates
R1,075

Excellent Investment Opportunity

Discover a property that offers exceptional versatility in the heart of Park Hill, Durban North. Whether you're searching for a spacious family residence or an investment with excellent income potential, this home delivers on both fronts.

The main residence comprises five well-sized bedrooms and a bathroom fitted with a shower and separate toilet. The current lounge area has been thoughtfully converted into a fifth bedroom using dry-wall partitioning, allowing for easy adaptation to suit your family's requirements. At the heart of the home is a welcoming open-plan kitchen and dining area, designed to create a seamless space for daily living, family meals, and entertaining guests.

Enhancing the property's value are two separate income-generating units—a studio flatlet and a log cabin—which currently produce a combined rental income of approximately R11,000 per month. This additional revenue stream makes it an attractive option for investors or homeowners looking to offset monthly expenses.

Outside, you'll find a generous garden and a sparkling swimming pool, providing the perfect setting for outdoor relaxation and social gatherings. Additional features include two automated single garages, secure perimeter fencing with gated access, Air-conditioning.

Offering flexibility, space, and excellent earning potential, this property presents a fantastic opportunity for extended family living, dual-living arrangements, or savvy property investment.

Features

5
1
2
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
1
Kitchen
1
Reception Rooms
1
Furnished
No
Exterior
Garages
2
Security
No
Parkings
2
Flatlet
2
Pool
Yes
Sizes
Land Size
929m²
Extras Awning; Air Conditioner; Built in Wardrobes; Burglar Bars; Driveway; Flatlet; Freestanding; Garden; Open Plan Kitchen; Granite Tops; Oven And Hob; Residential; Patio; Totally Walled; Under Counter Oven; Open Plan
1
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