Wynn - true, probably less overall hassle, but less chance of making really good money. These would be quite small (around 32m2) 1 bedroom. Could get around R2000 - R2500 p/m for month to month. Potentially there is 31 x R500 per month in self catering. I am also a bit weary of guys moving in and not paying and needing lawyers to get them out - much easier to do (as I understand) on holiday terms - from what I understand. That said, if it did not work or I get tired of it, could always resort to monthly letting.

It would be over capitalised andy - it its already the most expensive house on our stretch of the street. But I am sure many would like the idea of the flats helping to pay the mortgage - as said, their location on the property is ideal with their own street access.

Anyway, will be holding of on making any decisions for at least a year. Will at least try produce some items from my garage for market. I think I would prefer making things to cleaning rooms! Might play around in sketchup though and get a firm idea of cost involved in the conversion.