House for sale
Enjoy city-fringe living in Lorentzville near Joburg CBD and Maboneng; income potential from a separate cottage and rear unit, five bedrooms, three bathrooms and double garage.
5 Bed Family Home with Double Garage in Lorentzville: Bring a Paintbrush, Leave with a Goldmine
Calling all investors this opportunity won`t last come and see for your self the excellent income potential that can be unlocked in this multi unit home....
Let`s be honest, because we like you: this house has good bones and questionable fashion choices. It needs some TLC. But if you`ve ever looked at a diamond in the rough and thought "I can do something with that," keep reading.
The Good Stuff
Four bedrooms, so the kids, the in-laws, and the home office can each have their own space. A double garage means two cars, or one car and a workshop, or a man-cave, or a very well-organized storage empire. And with a bathroom count of one, your family will develop excellent negotiation skills, punctuality, and a deep respect for the word "hurry." (Adding a second bathroom is a smart upgrade that adds real value, so consider it a bonus project.) There is a cottage at the back that comprises of lounge, bathroom Kitchenette and the second unit at the back features an open plan bedroom bathroom kitchenette...
The Honest Bit
The house needs a little TLC but the potential is tremendous, and the price reflects the work, so the upside goes to you. Buy it, polish it, and watch the value rise while others are still scrolling past it. The current rental value that can be unlocked is about R17 000 per month comfortably cover your bond repayments !!
Why Lorentzville Makes Investors Smile
·Close to everything. You`re right next to the Joburg CBD, with easy access to Maboneng, Ellis Park, Doornfontein, Bertrams, and Troyeville. If you commute, you`ll spend less time in traffic and more time enjoying your coffee.
·Rental demand is the real story. Johannesburg`s inner-city and CBD-fringe areas draw steady tenant demand from workers, students, and families who want to live close to jobs, campuses, and transport routes. A 4-bedroom home gives you options: rent to one large family, or let rooms to multiple tenants where your plans and the municipal rules allow. The double garage can also earn its keep as rented parking, storage, or a workshop.
·Affordable entry, room to grow. Johannesburg is the country`s most affordable metro to buy in, and Lorentzville homes sit well below what you`d pay in the northern suburbs. That means a lower cost of entry, stronger potential yield on your investment, and plenty of upside once the renovations are done.
·Add value on your terms. A fresh coat of paint, a second bathroom, and some smart finishes can change both the market value and the rental income. This is a property where your sweat and imagination pay off.
The Bottom Line
Some houses are move-in ready. This one is move-in, then make-it-yours-and-profit-ready. A family home with a double garage, tremendous potential, and the kind of location investors keep an eye on.
📞 Call to book a viewing. Bring your builder optional but imagination required !
Listed for sale at R1,200,000
Wide price range across Johannesburg
Prices vary widely across Johannesburg, so a like-for-like comparison isn't reliable for this home.
Below the typical range for Johannesburg.
Market depth
172 similar homes
179 listings across Johannesburg
90 days
Median time on market
Many similar homes
Active across Johannesburg
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Lorentzville is an evolving, centrally located eastern suburb of Johannesburg offering affordable urban living with rich historic character and close proximity to major economic nodes.
