+16 Photos
+14 Photos
Introducing a spacious corner property with excellent potential for a discerning buyer.
This property comprises a three-bedroom main house and an attached two-bedroom granny flat, offering flexible living arrangements. The exterior of the building is partially upgraded, with plans in place for further expansion and improvements. When completed, the property will boast six usable bedrooms and four bathrooms in total.
The main house is fenced and easily accessible from the street. Inside, you'll find three bedrooms, each equipped with built-in cupboards. An enclosed stoep with a glass sliding door provides additional space that can be used as an office, a second lounge, or another bedroom. This room features a fitted fireplace/indoor braai spot that can be removed if not needed. The lounge includes a built-in bar counter with cupboards, which can be renovated to your taste or removed as desired.
The kitchen is functional but could benefit from some tender loving care. A dry-walled study/sleeping nook is a versatile space that can be used as is or restored to its original purpose as a dining area by removing the walling. The property was originally designed to be divided into two separate accommodation units, and although a separate distribution board was installed for this purpose, no other changes have been made. With some effort, the main house could potentially generate a monthly rental income of over R15,000, excluding the granny flat, making it an attractive investment opportunity. The main house also has its own hot water geyser.
The attached granny flat has its own fenced outdoor area with street access, an independent power distribution board, and a prepaid sub-meter. It features a kitchenette with a plug-in stove, sink, and cupboard. The flat also includes a full bathroom with a bath, shower, basin, and toilet, a lounge/dining room, and an external laundry/storage room. Currently, the flat rents for R6,500 per month, with the possibility of an increase to between R6,800 and R7,200 per month. Like the main house, the granny flat has its own hot water geyser.
The exterior room, which is currently in the process of renovation, needs some work to be completed. This space is intended to include a shower, an upgraded toilet, and a planned deck addition. Electricity and water feeds will also be installed. When finished, this room is expected to fetch around R4,000 per month in rental income.
The property is equipped with a prepaid 3-phase Tshwane power supply. The asking price for the property already takes into account the renovation requirements, and the current owner will clear the grounds to prepare the property for the new owner's occupancy.
The property is situated in an established mid-range neighborhood with easy access to main routes, various shopping malls, medical centers, places of worship, and other amenities. A primary school, after-school facilities, and a public park are all within a short walk from the property, while secondary schools are within cycling distance and colleges just a short drive away. A local SPAR with a pharmacy and liquor outlet is conveniently located within walking distance, with Lyttelton Shopping Centre a bit further for all your shopping needs.
This property offers you the opportunity to put your own stamp on it and create a comfortable, flexible living space with excellent investment potential.
