International
R15,800,000

R15,800,000

5 Bedroom House For Sale in St Michaels On Sea
5
Bedrooms
3
Bathrooms
6
Garages
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Exceptional Dual-Income Property with High-Yield Investment Opportunity

Web Ref. RL978910
Land size 8142.00 m²
Monthly Bond Repayment
R155,099.65
This is not just a property — it’s a powerful income-generating investment combined with a spacious, modern home, offering the best of both worlds.

Income-Generating Flatlet Complex
Positioned on one side of the property with its own separate gated entrance, you’ll find a well-maintained complex comprising 14 identical two-bedroom, one-bathroom units, each with a single garage.
• 100% occupancy rate – fully tenanted and generating consistent income
• Each unit fitted with prepaid electricity meters for easy management
• Neat, uniform layout across all units for low-maintenance upkeep
• Proven rental demand ensures immediate return on investment

This section alone makes the property an exceptional, ready-made investment, ideal for buyers looking to step into a fully operational rental portfolio.

Private Main Residence
Accessed through a second, separate entrance, the main home offers privacy, space, and versatility.

On the lower level:
• 6 garages
• A private gym space

Upstairs, you’re welcomed into a bright, open-plan living and kitchen area, designed for comfortable family living and effortless entertaining.

The home is thoughtfully laid out in two wings:

Bedroom Wing:
• Spacious main bedroom with walk-in cupboard and en-suite bathroom
• Two additional bedrooms
• Shared family bathroom

Living & Entertainment:
• Open-plan living area flowing seamlessly to the outdoors
• Swimming pool, braai area, and entertainment space — perfect for hosting

Upper Level / Bonus Space:
• Versatile area ideal for a second lounge, cinema room, or private flatlet
• Includes an additional bedroom and bathroom
• Extra room currently used as a gym, easily converted into a study or home office
• Direct access to garages via staircase

Why This Property Stands Out:
• Dual-purpose: live in luxury while earning substantial rental income
• Fully tenanted flatlet complex with immediate cash flow
• Separate entrances ensure privacy and independent operation
• Flexible spaces ideal for extended family, work-from-home, or additional letting potential

This is a rare opportunity to secure a high-performing investment property with a beautiful home included — perfect for investors or buyers looking to maximise both lifestyle and returns.
Monthly Rates R8,000

Features

Interior
5 Bedrooms
3 Bathrooms
1 Kitchen
2 Lounges
1 Dining Room
1 Study
Exterior
6 Garages
4 Parkings
14 Flatlets
Pet Friendly
Pool
Security
Domestic Accom
Sizes
Land Size 8,142 m²
Listing Info
Date Listed 17-03-26
Time Listed 13:16

Disclaimer

While every effort will be made to ensure that the information contained within the Just Property Group website is accurate and up to date, Just Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.