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Secure steady rental income in a well-located property near shops and transport, featuring seven rentable rooms, two cottages, four covered parking spaces and scope to expand.
Harcourts Non-Distressed, Auction Platform:
* Bidding to start from R580 000
* 3 pre-scheduled viewing hours available / private viewings by appointment only
* Written offers prior to the auction date will be considered
* Auction date set for Thursday the 15th of April at 1400, bidders need to register prior to the auction date
* Only cash and finance offers will be considered - proof of funds/finance required
* No buyer fees or additional costs for the buyer
* Normal transfer duty and costs apply
Investor Opportunity – High Rental Yield Property - Fixer Up
Attention investors! This income-generating property presents an excellent opportunity for those looking to expand their rental portfolio.
The main house has been converted from a 3-bedroom into 7 rentable rooms, complemented by 2 additional cottages, already producing over R16 000 per month in rental income.
The property also offers additional space for further development, giving savvy investors the potential to increase the number of rooms and maximize returns.
Properties with this kind of existing rental income and expansion potential rarely stay on the market for long.
Contact me today to arrange a viewing and secure this opportunity before it’s taken.
This property has a feature that is uncommon among 3-bedroom houses. Insight based on active listings currently advertised on MyProperty.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R580,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 68 listings in Kensington
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Market depth
68 similar listings
High similar-home inventory in Kensington
Median time on market: 93 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
Kensington is a historic, hilly suburb known for its charming period architecture, vibrant community spirit, and convenient proximity to Johannesburg's major business hubs.
* Distances and amenities are approximate.
