Large Plot with Flat for Rental Income

Nestled in the serene surroundings of Lakeview, Bloemfontein, this remarkable property presents an enticing opportunity for prospective homeowners or investors. The main house boasts three generously sized bedrooms, complemented by one and a half bathrooms, with the master bedroom featuring an en-suite for added convenience. The heart of the home is a well-appointed kitchen that seamlessly connects to the spacious living and dining areas.

In addition to the main residence, an adjacent one-bedroom flat provides versatility and potential. The flat is designed with a thoughtful layout, featuring a living room adorned with a glass display shelf, a bedroom equipped with a study table and ample cupboards, a compact kitchen, and a bathroom. A unique feature of this property is the door connecting the flat to the main house, offering flexibility for various living arrangements.

The accommodation is further enhanced by a double garage and a double carport exclusively for the main house, along with a separate carport at the back of the flat. A small storage outroom adds practicality to the property.

Municipal water ensures a reliable water supply, while a French drain system efficiently manages wastewater. Notably, the property is fitted with Centlec prepaid electricity, with separate meters for the main house and flat, operating through Ekhwesi tokens under the ownership of the current owner. Although the water pipes are currently unified, there is potential to reinstate separate meters for the main house and flat.

The strategic positioning of the property allows for ample space, presenting the opportunity for future development. With room to erect additional prefab houses, this property holds potential for subletting or expansion. The adjacent farm, equipped with robust boreholes, opens up possibilities for small-scale farming or other developmental ventures.

For those considering the property for investment purposes, the previous rental income was substantial, with the main house commanding R6500 and the flat R3500. When leased together, the combined rental income reached R9500, offering a lucrative investment prospect.

A thoughtful plan for future development, including the addition of one or two prefab houses, has already been envisioned and awaits realization. For a firsthand experience of the charm and potential this property holds, don't miss the opportunity to arrange a viewing. Contact us today and let us guide you through the possibilities of this unique and promising real estate gem.