SOLE MANDATEACCEPTING OFFERS
Web Ref RL27360
R1,200,000
1 Montague Street Grahamstowm, Sunnyside, Grahamstown
Monthly Bond Repayment R11,779.72
Calculated over 20 years at 10.25% with no deposit.
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Exceptional Restored Settler Cottage with Built-In Income in Central Makhanda 🌟
Nestled on a quiet, leafy street right in the centre of Makhanda and only a short stroll from one of its prime shopping centres and transport hubs, this carefully restored historic cottage delivers the perfect balance of timeless charm and practical income potential.
This three bedroom home has plenty of potential, waiting for the right buyer to unlock its full character. Inside, the spaces feel warm and inviting, with natural light pouring through the windows of the lounge area. The kitchen has been refreshed for easy living, and the bathroom offers a clean, modern finish. While the home does need some work to reach its full potential, every room carries that special character you only find in well-loved older homes. With a bit of TLC and some thoughtful updates, this property could be transformed into a beautiful and cozy home. It's a great opportunity for someone looking to put in a little effort and make it their own.
At the rear of the property sit two fully separate, self-contained flats, both ready to generate rental income immediately. This clever layout means you can enjoy the main cottage as your own home while the flats quietly pay their way — an ideal setup for anyone wanting to reduce costs or build long-term returns.
You also benefit from plenty of secure off-street parking on a solid concrete slab, plus the layout offers excellent scope to divide the entire property into three independent units in the future if desired plans for this further development have already been drawn up and approved.
In the Grahamstown property market right now, a restored central cottage that combines genuine historic beauty, immediate rental income from two flats, generous parking, and the potential to create a third flat, is genuinely hard to come by. It’s the kind of opportunity that appeals to families who want soul in their home, investors seeking solid cash flow, or buyers who simply recognise outstanding value when they see it.
If you’re ready to view this special property, get in touch with Mike today to arrange a private showing.
Mike
This three bedroom home has plenty of potential, waiting for the right buyer to unlock its full character. Inside, the spaces feel warm and inviting, with natural light pouring through the windows of the lounge area. The kitchen has been refreshed for easy living, and the bathroom offers a clean, modern finish. While the home does need some work to reach its full potential, every room carries that special character you only find in well-loved older homes. With a bit of TLC and some thoughtful updates, this property could be transformed into a beautiful and cozy home. It's a great opportunity for someone looking to put in a little effort and make it their own.
At the rear of the property sit two fully separate, self-contained flats, both ready to generate rental income immediately. This clever layout means you can enjoy the main cottage as your own home while the flats quietly pay their way — an ideal setup for anyone wanting to reduce costs or build long-term returns.
You also benefit from plenty of secure off-street parking on a solid concrete slab, plus the layout offers excellent scope to divide the entire property into three independent units in the future if desired plans for this further development have already been drawn up and approved.
In the Grahamstown property market right now, a restored central cottage that combines genuine historic beauty, immediate rental income from two flats, generous parking, and the potential to create a third flat, is genuinely hard to come by. It’s the kind of opportunity that appeals to families who want soul in their home, investors seeking solid cash flow, or buyers who simply recognise outstanding value when they see it.
If you’re ready to view this special property, get in touch with Mike today to arrange a private showing.
Mike
Features
Pets Allowed
Yes
Interior
Bedrooms
3
Bathrooms
1.5
Kitchen
1
Reception Rooms
2
Furnished
No
Exterior
Security
No
Parkings
2
Flatlet
2
Pool
No
Sizes
Floor Size
563m²
Land Size
565m²
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