Ferndale's Finest: Unlocking Dual Potential – Investment Powerhouse or Multi-Generational Family Haven!
Seize an extraordinary opportunity in the very heart of Ferndale, Randburg! This expansive and impressive property, set on a private panhandle lot, is uniquely positioned as both an immediate income-generating investment and an idyllic, spacious home for a multi-generational family.
The owner is seeking R2,800,000 for this exceptional property, and all serious offers will be considered. Priced to offer outstanding value, this unique property is a rare find in today's market. The owner is genuinely motivated to sell as they venture into a new business, making this an opportunity not to be missed.
THE INVESTOR'S DREAM: Over R50,000+ Monthly Gross Income Potential!
This property is a revenue-generating machine, ready to deliver substantial returns:
Immediate Income: Secure a gross monthly income of R37,500 from the outset with minor repairs. This includes:
Main House (4-bed): R16,000+
Cottage 1 (2-bed): R7,500
Cottage 2 (2-bed): R7,500
Cottage 3 (1-bed): R6,500
Unleash Hidden Value: The versatile 135m2 double-volume garage/studio, originally a photographic/film studio and currently generating storage income, can easily be converted into two additional, spacious 1-bedroom units. This strategic development will effortlessly add another R13,000+ to your monthly income, pushing your total gross to over R50,000 per month! This is a solid investment for robust ROI.
THE FAMILY LIFESTYLE WITH FINANCIAL FREEDOM:
Imagine living comfortably while your home actively contributes to your financial well-being:
Spacious Main Residence: Enjoy the expansive 4-bedroom main house, boasting 2.5 bathrooms, two large lounges, a separate living room, and a well-equipped kitchen with a walk-in pantry and scullery. It opens onto a large covered patio overlooking a private garden with a swimming pool. Prepaid electricity ensures cost-effective living, and it's pet-friendly (small to medium-sized).
Significant Bond Offset: The three well-appointed cottages generate a collective R21,500+ monthly income, which can effortlessly go towards covering a substantial portion of your bond (approx. R28,000).
Elevated Earnings: Should you choose to develop the double-volume studio into additional units while residing on the property, your potential income could rise to R35,000+ per month, dramatically enhancing your financial freedom.
Staff Accommodation: Includes a private, plumbed wooden Wendy house for a gardener/staff, enhancing convenience.
Property Highlights:
Location: Conveniently located within walking distance of major amenities (Ferndale on Republic, restaurants, Damelin College, gyms, sports grounds, creches, schools), with easy access to public transport.
Privacy & Parking: Set on a large panhandle lot ensuring privacy, with ample parking for both the main house and all cottages.
Resilience & Aesthetics: Predominantly durable face brick construction combines aesthetics with resilience.
This is a rare, dual-purpose gem offering an unparalleled opportunity for both shrewd investors and families seeking a financially savvy lifestyle.
All serious offers will be considered! Don't miss this chance to secure a property that delivers immediate income and massive potential. Contact us today to arrange your private viewing!
