Three bedrooms, two bathrooms, 406 m² floor size on a 2054 m² stand with two flatlets and rental income potential.
Discover a Prime Investment Opportunity
Unlock the potential of this spacious property, perfect for savvy investors and families alike. Featuring three bedrooms and two bathrooms, the home boasts a large kitchen, an expansive lounge, and a generous dining room, offering ample space for comfortable family living and entertaining.
Enhancing the property's appeal are two additional flatlets. The first is a double-story unit with an impressively large living area and an oversized bedroom complete with an en-suite bathroom. The second flatlet offers a cozy bedroom, living space, and bathroom, making it ideal for guests or as a source of rental income.
Nestled on a substantial 2021 sqm stand, the property is a haven for nature lovers, adorned with a variety of fruit trees, including blackberries. While some updates are needed—such as repairs to the electric gate and fence and a fresh coat of paint—these minor improvements present an opportunity to add personal touches and enhance the property's value.
Currently, the flatlets generate twelve thousand rands per month in rental income. Imagine the increased returns if the main house were rented out as well, potentially adding another Eleven thousand rands to your monthly income. This makes the property an attractive choice for investors looking to maximise their investment.
Don't let this opportunity slip away—call now to arrange a viewing and take the first step toward securing this lucrative investment!
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,500,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 412 listings in Johannesburg (town)
Insight
Priced slightly above the median for similar properties. On a price-per-m² basis, it is 30% below the median. Floor size is 52% larger than typical for similar homes.
Benchmark uses town-level data where suburb sample size is limited. Premium areas may trade above town averages - check with the agent for local guidance.
Similar properties pricing
Key differences
Affordability
R 14,725 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
412 similar listings
High similar-home inventory town-wide (Johannesburg)
Median time on market: 133 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