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Flexible investor or family haven in a quiet neighbourhood with expansive dual stands for privacy and expansion, separate outside flat for rental income, large yard and boardroom/office — requires renovation.
Investment Opportunity – Large Property on Two Stands
Bargain Investment Property with Huge Development Potential
This spacious property is situated on two stands, each with an ERF size of 1,010 m2, offering exceptional space and endless possibilities for investors or large families.
Main House Features:
5 Spacious Bedrooms
3 Bathrooms
Large Kitchen
Spacious Lounge
TV Room
Boardroom / Office Space
Storeroom
Additional Accommodation:
Outside Flat
2 Bedrooms
Open-plan Kitchen and Living Area
Bathroom
Additional Outside Features
Outside Bedroom
Separate Guest Toilet
Double Garage
Investment Potential:
The expansive yard provides ample space for further development or extensions, making it an excellent opportunity for investors looking to maximize returns.
The property requires TLC (Tender Loving Care) and is being sold as is, presenting an opportunity to add value through renovations and improvements.
Estimated Potential Rental Income: ± R25,000 per month
Don`t miss out on this fantastic investment opportunity with great income-generating potential.
Contact me today to arrange a viewing!
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,300,000
Price increased by 7.7% to R1,400,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 68 listings in Witbank (town)
Insight
Priced below the median for similar properties in the area. On a price-per-m² basis, it is 40% below the median. Floor size is 34% smaller than typical for similar homes.
Similar properties pricing
Key differences
Market depth
68 similar listings
High similar-home inventory town-wide (Witbank)
Median time on market: 123 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
Witbank Central offers a convenient, bustling urban lifestyle with easy access to essential services, major transport routes, and a variety of local commercial hubs, making it an ideal location for professionals and families seeking proximity to the heart of the city.
* Distances and amenities are approximate.
