House for sale
Turnkey investment in a convenient residential pocket, fully tenanted at R9,000/month with six flats (four solar-heated), main house, eight bedrooms, six bathrooms and four carports.
Welcome to this outstanding investment opportunity featuring a fully tenanted property with a current rental income of R9,000. This versatile estate offers multiple living spaces, ensuring a steady flow of income and tenant satisfaction.
The main house is thoughtfully designed with two spacious bedrooms, providing ample living space for tenants. It includes a cozy lounge, a well-equipped kitchen complete with full built-in cupboards, and a modern bathroom with a shower and toilet. The property is elegantly finished with tiles and ceilings throughout, offering a comfortable and stylish living environment.
In addition to the main house, the property boasts six flats, each with its own unique features. Four of these flats are equipped with solar geysers, ensuring energy efficiency and cost savings. They also include showers, toilets, and built-in storage solutions. The remaining two flats make use of convenient outside flushable toilets, catering to diverse tenant needs.
The premises are secured by a sturdy perimeter wall adorned with a lockable gate, providing both privacy and security. Carports are available within the yard, offering tenants safe and convenient parking options.
Don't miss out on this lucrative investment opportunity. With its comprehensive amenities and strategic layout, this property promises continued rental success.
Listed for sale at R550,000
Price reduced by 9.1% to R500,000
Price reduced by 0.2% to R499,000
Price reduced by 5.8% to R470,000
Price reduced by 4.3% to R450,000
Price reduced by 6.7% to R420,000
How does this home’s price compare with similar properties?
Insight
Priced 86% below the local median - and below the typical range across Modimolle.
Compared with 10 5+ bed active listings across Modimolle.
It's priced below similar homes, which may reflect condition, position or finishes. 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.
Modimolle Rural offers a tranquil and scenic bushveld lifestyle with a strong sense of community, making it an ideal haven for those seeking peace and natural beauty away from the city.
