Live centrally with instant rental income—this one-bedroom, one-bath bachelor offers two living areas, six income rooms (R7,300/month) and conversion potential to boost earnings.
Discover the perfect blend of comfort and investment potential with this unique property offering. This bachelor unit features a spacious bedroom, a well-equipped kitchen, and two inviting living areas, complemented by a modern bathroom.
In addition to the main living space, the property boasts six exterior rooms currently generating a steady rental income of R7,300 per month. This is an ideal opportunity for those seeking a home that also provides financial returns.
For investors looking to maximize their rental portfolio, there's exciting potential to transform the existing bachelor unit. You can partition it into four additional rooms or convert it into two modernized bachelor units complete with showers. This enhancement could increase your total rental income to an impressive R12,000 per month.
Whether you're searching for a place to call home with added income benefits or an investment opportunity with substantial growth potential, this property is a must-see.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R800,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 587 listings in Midrand (town)
Insight
Priced below the median for similar properties in the area. On a price-per-m² basis, it is 66% below the median. Floor size is 53% smaller than typical for similar homes.
Similar properties pricing
Key differences
Affordability
R 7,853 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
587 similar listings
High similar-home inventory town-wide (Midrand)
Median time on market: 182 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
Ivory Park is a vibrant and developing residential area offering affordable housing options and a close-knit community atmosphere, appealing to families and individuals seeking a convenient location within the Midrand area.
* Distances and amenities are approximate.