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RE-C8-BD-GP

R6,499,000

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12 bedroom house for sale in Olivedale

12
7
20
550m²
Expansive 5 842m² Property with Main Home & Multiple Cottages – Ideal for a Wellness Centre!!
Set on nearly 6,000m² of lush, established grounds, this truly unique property offers privacy, scale, and outstanding versatility. Buckingham Palace gates welcome you. As you enter, you are surrounded by mature trees and beautifully positioned in its neighbourhood. The estate lends itself perfectly to use as a family home, boutique guesthouse, wellness retreat, office conversion, or high-yield investment property. The main residence welcomes you through a charming, garden-framed entrance that already lends itself to a reception area, ideal for business use. Inside, the home is filled with character, featuring exposed wooden beam ceilings, elegant chandeliers, and generous open-plan living spaces. The expansive lounge opens out to the garden, creating a seamless indoor-outdoor flow, while the large dining area is perfectly positioned for entertaining. The kitchen is spacious and functional, fitted with a centre island, gas stove, space for a double-door fridge, pantry, and ample cupboard space, ideal for catering, guest accommodation, or family living. Two bathrooms service the main home (one with a bath, one with a shower). Upstairs, a large bedroom opens onto a covered patio overlooking the treetops and gardens, creating a peaceful retreat. A separate plumbed storeroom offers the opportunity to convert into an additional bathroom if required. In addition to the main house, the property offers four fully self-contained cottages: The townhouse/cottage includes a spacious master bedroom with a stunning MES and lots of cupboard space. The second bedroom also has a toilet, and the Angels and Dragons staircase takes you upstairs to the lounge /patio area. The large open plan kitchen has a gas stove, space for a double fridge, a pantry, and appliance space. It enjoys its own entrance, covered patio, and private walled-in garden. Pet-friendly. Cottages two and three each offer one bedroom, a lovely open plan kitchen, a MES bathroom, and a loft area (sleepover), as well as their own private gardens. Also, pet friendly. The fourth cottage features a large kitchen, lounge, and en-suite bedroom. Ideal lock up and go. The outdoor areas are equally impressive, with a swimming pool (needs attention), pool house, tranquil pond, and abundant greenery creating a serene, almost country-style atmosphere despite being well-positioned within a residential suburb. There is ample parking for approximately 20 vehicles, making it ideal for business operations, events, consulting rooms, or guest accommodation. This is a rare opportunity to acquire a substantial, multi-dwelling property with existing income potential and incredible flexibility. Definitely a unique one-of-a-kind estate offering lifestyle, privacy, and investment value in equal measure.
Features
12 bedrooms
7 bathrooms
5 kitchens
20 parkings
2 dining rooms
5 lounges
1 offices/studies
1 gardens
1 pools
4 cottages/flatlets
Pets allowed: Yes
Furnished: No
Overview
Listing reference
RE-C8-BD-GP
Property type
House
Stand size
5842m²
Floor size
550m²
Zoning
General Residential
Rates & Levies
Rates
R4800
Levies
R1
Bedrooms
Count
12
Bathrooms
Internal
7
Kitchens
Count
5
Dining rooms
Count
2
Lounges
Count
5
Offices/studies
Count
1
Domestic rooms
Count
1
Parkings
Count
20
Gardens
Count
1
Pools
Count
1
Cottage/flatlets
Count
4
Domestic rooms
Count
1
Bond Calculator
Repayment Affordability Breakdown
Purchase price
R
Deposit
R
Interest rate
%
Loan term
20 Years
Monthly Repayment R64,885
Total Once-Off Costs R799,547
Min Gross Monthly Income R216,282
View breakdown
Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. We do not accept liability for any damages arising from the use of this calculator.
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