Home with Excellent Potential For Sale in Mile 4, Swakopmund

N$4,410,000
Property Details

Ideally situated within walking distance of the ocean, this spacious older home in Mile 4 offers generous accommodation, versatile living spaces, and excellent potential for renovation and further development.

The ground floor comprises an open-plan kitchen and living area, complemented by a separate scullery and a spacious walk-in safe, which is currently being utilised as a pantry. A guest toilet adds convenience for visitors.

A particularly unique feature of the property is the versatile room that was originally designed as an indoor swimming pool. The pool has since been covered with a wooden deck and converted into an additional living space. The new owner can retain the room in its current form or consider restoring the indoor pool, depending on their requirements.

Upstairs, the home offers a study or hobby room and a spacious main bedroom with an en-suite bathroom and private balcony.

The property also includes a separate one-bedroom flatlet with its own private entrance. The flatlet was created by converting two of the original bedrooms and the shared bathroom and now features an open-plan kitchenette and living area, one bedroom, and a bathroom. This additional accommodation is ideal for extended family, guests, or as a potential rental-income opportunity.

Further enhancing the property's development potential, approved plans are already in place for an additional one-bedroom flat above the garages. Most of the required building materials are already on site, making this an attractive opportunity for a buyer looking to expand the property's accommodation and income-generating potential.

Additional Features:

4 garages.

Small private yard surrounding the home.

Open-plan kitchen and living area.

Separate scullery.

Large walk-in safe/pantry.

Guest toilet.

Study/hobby room.

Spacious main bedroom with en-suite bathroom.

Private balcony.

Existing one-bedroom flatlet with separate entrance.

Former indoor swimming pool, currently converted into an additional room.

Approved plans for an additional one-bedroom flat above the garages.

Most building materials for the planned flat already on site.

Walking distance to the beach.

This property presents an excellent opportunity for a buyer seeking space, versatility, and future potential in a desirable coastal location. While it is an older home and would benefit from modernisation and personal touches, its generous accommodation, existing flatlet, development plans, and proximity to the beach make it a property with considerable potential—whether as a spacious family home, a multi-generational residence, or an investment with additional income-generating possibilities.

Property Features
Property Type
House
Bedrooms
3
Bathrooms
2
Garages
4
Open Parking
1
Floor Size
359m²
Land Size
706m²
Living Area
3
Study
1
Additional Information
Kitchens
1
Family Room/TV Room
1
Dining Rooms
1
Lounges
1
Location
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