3 Bedroom House For Sale in Margate

Positioned up a steep driveway, this elevated three-bedroom home with seven flatlets and an abandoned cottage presents an exceptional investment opportunity. Set across multiple levels, the property offers a rare combination of scenic natural surroundings, sea views, and strong income-generating potential. Enjoy expansive outlooks from various vantage points, including a large wrap-around balcony, ideal for relaxation or entertaining.  

MAIN HOUSE: The main residence welcomes you with a spacious lounge featuring exposed wooden ceiling beams and a striking stone fireplace, creating a warm and inviting atmosphere. Large windows flood the home with natural light while framing lush green views. A separate family TV room adds valuable additional living space. The functional kitchen is fitted with extensive wooden cabinetry and a breakfast bar, flowing seamlessly into a generous dining area - perfect for family living or entertaining. The home offers three well-proportioned bedrooms, all with built-in cupboards. Two bedrooms share a family bathroom, while the main bedroom includes a full en-suite bathroom, ensuring comfort and privacy.  

Outdoor and Practical Features: Wrap-around balcony with scenic and sea views; vertical landscaped garden wall; paved driveway leading to three garages and a workshop area; secure parking and ample storage; security features include an access gate, security gate, and burglar bars; a water tank and gas geyser for efficient, and cost-effective living. 

7 FLATLETS - INCOME GENERATING: Ideal for rental income or guest accommodation, the property includes seven flatlets, each fitted with prepaid meters and gas geysers:  

Flatlet 1: Open-plan lounge and kitchen; bathroom (shower, toilet, basin); one bedroom with built-in cupboards  

Flatlet 2: Open-plan lounge and bedroom; walk-in closet; kitchen; bathroom (shower, toilet, basin)  

Flatlet 3: Lounge; kitchen; bathroom (shower, toilet, basin); one bedroom  

Flatlet 4: Open-plan lounge and kitchen; bathroom (shower, toilet, basin); two bedrooms with built-in cupboards; unique cave-type room with stairs 

Flatlet 5: Bachelor unit - Open-plan lounge, bedroom, and kitchen; bathroom (shower, toilet, basin) 

Flatlet 6: Open-plan lounge and bedroom; kitchen; bathroom (shower, toilet, basin)  

Flatlet 7: Boathouse - Open-plan lounge and kitchen; bathroom (shower, toilet, basin); two bedrooms; loft area  

ABANDONED COTTAGE (Renovation Potential): A standalone cottage offering excellent renovation and value-add potential - Open-plan lounge and kitchen; bathroom (shower, toilet); two bedrooms; loft area; balcony with sea views; garage. 

This versatile property is ideal for investors, developers, or buyers seeking a fixer-upper with multiple income streams. With sea views, extensive accommodation, and renovation potential, it offers a compelling opportunity to maximize returns in a scenic coastal setting. Contact Petro to arrange a viewing.