Earn rental income while renovating in a handy neighborhood near schools, shops and transport; main 3-bed home plus separate 1-bed flatlet, large secure yard with parking.
*Dual Mandate*
3 Bedroom House with 1 Bedroom Flatlet – Income-Generating Investment Opportunity!
Ripe for Renovation | Excellent Rental Income Potential
This 3-bedroom, 1-bathroom house offers a fantastic opportunity for investors or homeowners looking to generate rental income while adding value through renovations. The property includes a separate 1-bedroom flatlet – perfect for extended family, tenants, or as a home office.
Currently tenanted, this property presents a unique chance to earn rental income from day one. Whether you're looking to expand your investment portfolio or searching for a home with income potential, this property delivers.
Key Features:
3 spacious bedrooms in the main house
1 bathroom
Generous living and kitchen areas
Separate 1-bedroom flatlet with its own entrance
Existing rental agreement in place
Ideal for investors or buyers wanting to renovate and add value
Secure yard with ample parking
Why Invest Here?
Dual-living or rental potential
A fixer-upper with a solid structure and great bones
Income-generating from the start
Conveniently located near schools, shops, and transport routes
Bring your vision and creativity! With some TLC, this property can be transformed into a gem while continuing to deliver passive income.
Contact Armand Oosthuizen today to arrange a viewing or request more details.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,850,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 20 listings in Riversdale Central
Insight
Priced below the median for similar properties in the area.
Similar properties pricing
Market depth
20 similar listings
Medium similar-home inventory in Riversdale Central
Median time on market: 104 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
Riversdale Central offers a tranquil, small-town lifestyle characterized by its historic charm, stunning mountain views, and a strong sense of community, making it an ideal retreat for those seeking a peaceful pace of life in the Western Cape.
* Distances and amenities are approximate.