Enjoy lakeside living at Olifantsnek Dam with room for guests and renters; expansive yard for animals, a pool, multiple flatlets and backup power for load-shedding.
This spacious property comprises a main house, multiple flatlets, and a large yard, making it an excellent investment opportunity or a versatile place to call home.
The main house features three bedrooms and three bathrooms, providing ample space for comfortable living. The large lounge and kitchen areas are designed to accommodate gatherings and family activities.
In addition to the main house, there is a large flatlet with one bedroom, a kitchen, a lounge, and a bathroom. There is also a second flatlet with a large bedroom, lounge, bathroom, and kitchen. These flatlets can serve as separate living spaces or be utilized for rental income, providing flexibility and potential returns.
The property further offers four bachelor flatlets with their own bathrooms, as well as a two-room flatlet. These additional units present opportunities for rental income or can be utilized for extended family members or guests.
The large yard is ideal for those with animals, providing ample space for pets or even small-scale farming activities. The property features a fireplace, which can be used for cooking or adding warmth during colder months.
Outdoor relaxation and entertainment can be enjoyed in the presence of a pool. This feature enhances the overall lifestyle experience for residents and adds value to the property.
To address the issue of load shedding, the property is equipped with a 5kva inverter and two 5kva batteries, ensuring an uninterrupted power supply during power outages.
The property has a rental income potential of approximately R32,000.00, making it an attractive investment option. It also has the potential to be converted into a guest lodge, taking advantage of the scenic surroundings and appealing to tourists and visitors.
It's important to note that the property is currently registered as a residential property and has not been rezoned. This allows for flexibility in future development or use.
Don't miss out on this exceptional property at Olifantsnek Dam. Its versatile layout, rental income potential, scenic views, and convenient location make it a highly desirable opportunity for investors or those seeking a serene and comfortable living environment.
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Listed for sale at R2,800,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 48 listings in Rustenburg (town)
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Affordability
R 27,486 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
48 similar listings
High similar-home inventory town-wide (Rustenburg)
Median time on market: 388 days
Some listings may be stale.
* 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
Olifantsnek offers a tranquil, nature-oriented lifestyle characterized by its scenic dam views and spacious properties, providing a peaceful retreat while remaining within convenient reach of Rustenburg's urban amenities.
* Distances and amenities are approximate.