House for sale
Live centrally in gated Lynnwood Ridge, walking distance to Lynnridge Mall and Gift Acres — two approved residential stands (2,977m²) with rental income, development-ready for 30 units.
Remarkable development land is now on the market in the highly desirable gated community of Lynnwood Ridge. Ideally situated within walking distance of Lynnridge Mall and Gift Acres shopping center, this exceptional property is also conveniently located near The Wilgers Hospital and The Grove Mall. Families will benefit from excellent nearby schools and easy access to major highways.
The asking price of R8,650,000 includes TWO residential stands that have been approved for development as a combined stand, totaling approximately 2,977m2. Currently, both original homes on the stands are occupied by tenants, generating a consistent rental income until development commences.
Zoning information: Res 4, permitting 101 units per hectare, which amounts to a total of 30 units.
Bulk contributions that are payable for the development to commence (as calculated in September 2022), are as follows:
- Water: R139,176.45 (VAT included, 15%)
- Sanitation: R234,750.42 (VAT included, 15%)
- Electricity: R399,307.90 (VAT included, 15%)
- Roads and stormwater: R167,441.61 (VAT included, 15%)
For further details, please contact Marius.
Listed for sale at R8,700,000
Price reduced by 0.6% to R8,650,000
Wide price range across Pretoria
Prices vary widely across Pretoria, so a like-for-like comparison isn't reliable for this home.
Below the typical range for Pretoria.
Price comparison based on 5 similar-sized 5+ bed homes.
Market depth
5 listings
Similar homes town-wide
Low inventory
Active across Pretoria
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Lynnwood Ridge is a tranquil, established residential suburb in Pretoria East that offers a perfect balance of suburban peace, convenient access to major highways, and proximity to top-tier educational and commercial hubs.
