8 Bed Multi-Income Generating Gem with Unrivaled Potential in Ferndale!**
A rare and strategically significant opportunity has arrived in the heart of Ferndale! This expansive property is a true "giveaway" for the astute investor, offering immediate value and immense potential for enhanced income. Priced to go and from truly serious sellers, this magnificent home, while requiring some tender loving care (TLC), offers an incredible chance to unlock significant returns.
This property is a versatile canvas primed for multi-unit rental income, offering exceptional flexibility:
Unleash Multi-Income Potential:
* Expansive Main House: Currently featuring 5 bedrooms if study is converted into another bedroom within the main house, significantly increasing its rental value or living capacity and 4 bathrooms (including a convenient guest bathroom).
*Immediate Bachelor Conversions:
* The dedicated laundry room is also ideal for conversion into another private bachelor apartment (potential 6th bedroom).
* The area currently used as a gym provides yet another flexible space ready for conversion into an additional bachelor unit (potential 7th bedroom).
*Existing Self-Contained Cottage: A full, self-sustained one-bedroom cottage is already attached to the main house, offering an immediate income stream or ideal multi-generational living space (potential 8th bedroom).
*Total Potential: This configuration offers the potential for up to 8 income-generating units/bedrooms, allowing you to maximize your rental yield.
Exceptional Infrastructure & Features for Maximized ROI:
*Borehole with Filtered Water: A valuable asset providing independent and cost-effective water supply – a significant draw for tenants and a major utility saving.
*Enhanced Security: Benefit from an integrated camera system and electric fence, providing peace of mind for you and your tenants.
*Ample Garaging & Parking: Beyond the existing 5 roll-up garages (perfect for secure 9 cars ,
Discover additional paved parking/workshop area at the back with space for up to 9 cars! This is invaluable for multiple tenants or a commercial company or workshop venture.
*Large, Pet & Child-Friendly Garden: Adds appeal for families and tenants seeking outdoor space.
* Practical Layout: The main house features a spacious open-plan kitchen with an electric oven and stove plus gas stove ample cupboard space, and a separate washing area, leading into expansive dining and lounge areas (one opening to a balcony with a built-in braai).
This property is strategically located in a peaceful neighborhood in Ferndale, with easy access to major malls, hospitals, and transport routes, ensuring tenant demand.
This is a genuine "giveaway property" due to its incredible space and the opportunity for investors to add immediate equity through renovations. It's truly a property you have to see to believe to grasp its full income-generating beauty!
**Contact us today to arrange a viewing and unlock the immense potential of this Ferndale gem!*
