A truly rare opportunity to acquire an exceptional 205-year-old heritage property in the heart of Worcester. Believed to be the second-oldest building in Worcester and formerly the town’s first church, this remarkable Victorian-style residence combines timeless architectural beauty, secure accommodation and an established income stream.
The main house is a beautiful, character-filled family residence, showcasing wooden floors throughout, Victorian-style architecture and the distinctive charm expected from a property of this historical importance. It offers four bedrooms, two bathrooms, including a main en-suite, two spacious living areas, a large farm-style kitchen and a separate laundry/scullery.
The outdoor area is ideal for relaxed family living and entertaining, with a swimming pool and dedicated braai area. Parking includes a tandem garage as well as two additional secure tandem parking bays behind the garage door. The entire property is securely enclosed behind a gate and protected with electric fencing.
Adding to its appeal is the income-generating accommodation on the property. The two-bedroom flat is currently rented at R10,200 per month, while two separate one-bedroom flats generate R7,500 and R6, 500 respectively per month. The main house is currently rented at R14,500 per month. All units, except for one of the one bedroom units, are fitted with their own prepaid electricity meters, allowing for straightforward electricity cost management. Tenants are responsible for their respective municipal utility accounts, further supporting an efficient income structure for the owner.
The property produces a combined rental income of approximately R39,700 per month, or approximately R476,400 per annum, with an approximate gross ROI of 11 % and net ROI of 10 %.
This versatile property presents an attractive opportunity for an investor or owner-occupier. Live in the magnificent main heritage home while generating income from the flats, or explore the potential of operating the separate apartments as Airbnb or short-term accommodation, subject to applicable approvals and regulations.
Its central Worcester position also creates excellent potential for professional offices, consulting rooms or boutique business premises, subject to the necessary approvals. A unique opportunity to own a meaningful piece of Worcester’s history while benefiting from multiple income streams and future potential.
Image Disclaimer: Some of the images in this listing have been digitally enhanced, virtually staged, or generated using artificial intelligence (AI) for illustrative purposes. These images are intended to showcase the property's potential and may not reflect its current condition, finishes, furnishings, or features. We encourage prospective buyers to view the property in person to assess its current state.
