House for sale
Investors and families will love Homestead, Kimberley living—established suburb with local amenities—four self-contained units offering immediate rental income and secure underroof parking for six.
OFFERED TO YOU ON A SOLE EXCLUSIVE MANDATE!
Positioned in the established suburb of Homestead, Kimberley, this versatile property offers immediate rental income paired with strong capitalization potential. Originally constructed as a single-family home, the main structure has been reconfigured via drywalling into two fully functional independent units, complemented by two additional standalone outbuilding flats in the spacious backyard.
Unit 1 (Primary Unit): Features 3 spacious bedrooms, a lounge, kitchen, and 1.5 bathrooms (shower, basin, toilet, plus an additional separate toilet). Currently owner-occupied, offering flexibility for immediate personal use or lease optimization.
Unit 2 (Main House Conversion): Offers 2 bedrooms, a walk-in cupboard, functional kitchen, and a ensuite bathroom (shower, basin, toilet).
Unit 3 (Backyard Flatlet): Standalone outbuilding unit comprising 2 bedrooms, open-plan kitchen, lounge, and bathroom (shower, basin, toilet).
Unit 4 (Backyard Flatlet): Standalone outbuilding unit featuring 2 bedrooms, kitchen, dedicated lounge, and bathroom (shower, basin, toilet).
Property & Financial Summary
Current Monthly Income: R14,000 per month generated from Units 2, 3, and 4. Potential Gross Income: Up to R19,500 per month upon leasing Unit 1 (estimated potential rental of R5,500 per month).
Utility Infrastructure: Units 1, 3, and 4 are equipped with independent prepaid electricity meters for seamless tenant utility management.
Energy Efficiency: Equipped with 2 solar geysers integrated to assist the primary electrical geysers, significantly reducing operational energy costs.
Vehicle Accommodation: Secure underroof parking infrastructure capacity for up to 6 vehicles.
Maximize Your Real Estate Portfolio Today
Capitalize on this robust multi-let investment strategy before it leaves the market. Contact Johan Bekker from eXp Realty today to schedule your private viewing and secure this exceptional property portfolio.
Listed for sale at R1,060,000
How does this home’s price compare with similar properties?
Insight
Priced 29% below the local median - at the lower edge of the typical range across Kimberley.
Compared with 95 3-bed homes (108 listings) across Kimberley.
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.
Homestead is a quiet and well-established residential suburb in Kimberley that offers a peaceful suburban lifestyle with convenient access to the city's essential amenities and historical landmarks.
