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MyProperty Africa
R 1,350,000
South AfricaGauteng›Roodepoort›Florida Lake›RL63683
Rear exterior view of the house featuring a brick facade, paved walkway, and a timber entrance door with stone planter detailing.
Rear exterior view of the property showing weathered walls, security gate, and external plumbing fixtures requiring maintenance.
A living room featuring a brick fireplace, a decorative chandelier, and tiled ceiling. The space requires cosmetic updates to improve its overall condition.
Rear exterior view of the house featuring a brick facade, paved walkway, and a timber entrance door with stone planter detailing.
Rear exterior view of the property showing weathered walls, security gate, and external plumbing fixtures requiring maintenance.
A living room featuring a brick fireplace, a decorative chandelier, and tiled ceiling. The space requires cosmetic updates to improve its overall condition.
A functional kitchen featuring built-in cabinetry, a built-in oven with hob, and tiled splashbacks, offering potential for modernization and cosmetic updates.
A bedroom featuring a window with a curtain rail and visible ceiling panel damage, requiring cosmetic attention.
View Area Map

House for sale

Florida Lake, Roodepoort
3 Beds
1.5 Baths
10 Covered Parking
1119m² Land
1 Living Areas
Staff Rooms

Property report – prime investment opportunity | florida, roodepoort

Income-focused urban living in the heart of Florida, Roodepoort, with immediate tenants and versatile layout — main house plus three self-contained flatlets and a 1,119m² yard with parking for 10+.

This well-positioned investment property in the heart of Florida offers an excellent opportunity for investors seeking strong and immediate rental returns. The property comprises a spacious main house and three fully self-contained flatlets, all currently occupied by tenants, eliminating the need to source new tenants.

Location: Florida, Roodepoort

Property Type: Residential Investment Property

Stand Size: ±1,000 sqm+

Tenanted: Yes (Immediate Rental Income)

Main House

3 spacious bedrooms

1.5 bathrooms

Comfortable sitting room

Functional kitchen

Ideal for family living or long-term rental

Flatlets (3 Units)

Each flatlet is fully self-contained and includes:

Private kitchen

Bathroom

Sitting/living area

Independent living space suitable for separate tenants

These units significantly enhance the property’s rental yield and long-term investment value.

Exterior & Parking

Very large yard measuring over 1,000m2

Parking space for 10+ vehicles, ideal for multiple tenants

Secure and versatile outdoor space with future development potential

This is a rare and solid investment opportunity offering space, multiple rental units, and excellent location advantages. Ideal for investors looking to expand their property portfolio with a reliable, income-generating asset.

Call today to arrange a private viewing and secure this outstanding investment property.

Additional features

Pets Allowed

Ownership costs

Home Loan Repayment
R 12,335
TotalR 12,335
Could you qualify for a lower home loan rate?

Property history

Listed for sale at R1,350,000

23 Apr 2026

Smart property insights

Limited · based on 133 3-bed listings, size not compared

How does this home’s price compare with similar properties?

This homeR 1,350,000R1.35M4% below medianWithin typical range
R 1,099,000R1.1MLower typical
R 1,399,000R1.4MMedian
R 1,795,000R1.79MUpper typical

Insight

Priced 4% below the local median - but still inside the typical range across Roodepoort.

Compared with 133 3-bed homes (138 listings) across Roodepoort.

Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages - check with the agent for local guidance.

MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.

Find similar nearby propertiesSame style and feel, in this price range
Seiko Makgaka

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Seiko Makgaka

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Harcourts Rhino

Harcourts Rhino

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Useful links+-
  • Estate agents in Florida Lake
  • Florida Lake area guide

More properties like this

  • Houses for sale in Florida Lake
  • Property for sale in Florida Lake
  • Houses for sale in Roodepoort
  • Property for sale in Roodepoort

Nearby houses

  • Houses for sale in Hamberg
  • Houses for sale in Selwyn
  • Houses for sale in Florida
  • Houses for sale in Discovery
  • Houses for sale in Georginia
  • Houses for sale in Florida Park

Useful links

  • Estate agents in Florida Lake
  • Florida Lake area guide

Area overview

Florida Lake is a tranquil and established residential suburb centered around a scenic urban lake, offering families an affordable and peaceful lifestyle close to major commercial hubs.

Shopping

  • •
    Florida Junction Shopping Centre(1.5 km) · Retail Center
  • •
    Westgate Shopping Centre(6.0 km) · Shopping Mall
  • •
    Clearwater Mall(8.5 km) · Shopping Mall

Education

  • •
    Florida Primary School(1.0 km) · Primary School
  • •
    Florida Park High School(2.0 km) · Secondary School
  • •
    Horizon View Primary School(2.5 km) · Primary School

Transport

  • •
    Florida Railway Station(1.5 km) · Train Station
  • •
    N1 Highway On-ramp(7.0 km) · Highway

Parks & Recreation

  • •
    Florida Lake Park(0.2 km) · Park
  • •
    Florida Lake Canoe Club(0.5 km) · Recreation Club

Healthcare

  • •
    Life Floracliff Hospital(3.5 km) · Hospital
  • •
    Netcare Wilgeheuwel Hospital(10.0 km) · Hospital

Dining & Entertainment

  • •
    Gordon Road Restaurant Strip(2.5 km) · Restaurant Hub
  • •
    Gold Reef City Casino(14.0 km) · Entertainment
View Florida Lake Market Insights & Stats→

* Distances and amenities are approximate.