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Turnkey rental lifestyle in quiet Reyno Ridge with instant income; seven-bedroom shared-living conversion and tenants in place, set on a generous 1000 m² garden — requires light updates.
This 3-bedroom home with 1.5 bathrooms and a single garage in Reyno Ridge has been creatively converted into a 7-bedroom property, making it an ideal investment opportunity for a buyer looking to take over existing tenants and generate immediate rental income. The layout has been adjusted to maximize accommodation space, appealing to those interested in shared living or student-style rentals.
The property is well-suited for an investor who wants a running rental setup, as tenants are already in place. This offers the advantage of instant cash flow without the hassle of sourcing occupants. With the right management, this home can continue to perform as a high-yield rental property.
However, the house does require some attention and renovations. Certain areas need upgrading and maintenance, which presents an opportunity for the new owner to add value and increase rental returns over time. With a bit of care and improvement, this property has strong potential to become a profitable and well-maintained investment.
Listed for sale at R1,080,000
Price reduced by 100.0% to R0
Reyno Ridge is a well-established, family-oriented residential suburb in Witbank that offers a convenient lifestyle with easy access to major transport routes, reputable schools, and essential local amenities.
* Distances and amenities are approximate.
