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Enjoy versatile living and prime development opportunity opposite Irene Link Shopping Centre, with an expansive garden of established trees and indoor courtyard — six bedrooms, five bathrooms, secure parking.
-Exceptional investment potential with zoning earmarked for 21 clusters
-Situated on prime land directly opposite Irene Link Shopping Centre and surrounded by established office parks
-Easy access to both the N1 and N14 highways
-Ideal for families, developers, and investors
NB: Development Profitability calculations of 38% yield done below!
Current Property Features:
-Spacious open-plan living area
-Dining room opening onto a charming indoor courtyard
-Large kitchen with direct access to the backyard
-Separate laundry room
-6 Bedrooms
-5 Bathrooms plus a guest WC
-Study that can be used as a 6th bedroom
-Outside room converted into a self-contained unit for guests or extended family
-Expansive garden with beautiful, established trees.
FEASIBILITY SUMMARY
Sales Revenue:
21 units × R1,300,000 = R27,300,000
Costs (Estimated):
Land: R5,000,000
Construction (60 sqm units): R8,000/sqm
21 × 60 sqm × R8,000 = R10,080,000
Professional Fees (8%): ±R806,400
Marketing, Finance, Infrastructure (9%): ±R907,200
Total Development Cost: R16,793,600
Developer Profit:
R27,300,000 – R16,793,600 =R10,506,400
Profit Margin:
≈ 38%
Call today to arrange your private viewing and experience the incredible potential first-hand.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R4,999,999
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 283 listings in Centurion (town)
Insight
Priced close to the median for similar properties. On a price-per-m² basis, it is 14% above the median. Floor size is 24% smaller than typical for similar homes.
Similar properties pricing
Key differences
Market depth
283 similar listings
High similar-home inventory town-wide (Centurion)
Median time on market: 164 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Irene is a prestigious, leafy suburb in Centurion that offers residents a tranquil, village-like atmosphere combined with excellent security and convenient access to major urban hubs.
* Distances and amenities are approximate.
