- 8
- 10
- 817 m2
- 2 370 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
Affordability Calculator | Bond Costs Calculator | Bond Repayment Calculator | Apply for a BondBond Calculator
Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.
Property description
Exclusive Mandate.
Unlock a lucrative investment with this meticulously maintained residential property, boasting six distinct rental units, with lease agreements, that collectively yield a robust monthly income of R57,800. Strategically zoned Residential 2, this property is set up to accommodate up to 6 dwellings, offering potential for expansion given the current coverage percentage of just 35%, well below the allowable 50%.
Unit Breakdown:
- Unit 1:
- Rental Income: R7,300 per month
- Features: 1 bedroom, 1 bathroom, open-plan living area and kitchen. Located on the ground floor with a private garden and 1 carport.
- Unit 2:
- Rental Income: R7,000 per month
- Features: 1 bedroom, 1.5 bathrooms, open-plan living area and kitchen. Ground floor with a private garden and 1 carport.
- Unit 3:
- Rental Income: R15,500 per month
- Features: 2 bedrooms, 2.5 bathrooms, plus a study. This double-storey home includes an expansive patio, private garden, two lounges, a dining room, kitchen, and separate laundry with a kitchen courtyard. It also has 2 carports and potential for integration with Unit 4 to create a 3-bedroom home.
- Unit 4:
- Rental Income: R5,500 per month
- Features: Upstairs studio apartment with 1 bedroom, 1 bathroom, living area, and open-plan kitchen. Comes with 1 carport.
- Unit 5:
- Rental Income: R14,500 per month
- Features: 2 bedrooms, 2 bathrooms, plus a study. Ground floor, single-level unit with a private garden, lounge, dining room, multi-use area, and open-plan kitchen with a separate scullery/laundry room. Includes 2 carports.
- Unit 6:
- Rental Income: R8,000 per month
- Features: 1 bedroom, 2 bathrooms, and a study nook. This double-storey unit offers an outdoor area overlooking the pool, an open-plan lounge, dining room, and kitchen with a separate scullery. It also includes 2 carports.
Property Highlights:
- Total Monthly Income: R57,800
- Energy & Utilities: Equipped with solar panels, inverter, and batteries for communal power needs, solar water heating supplemented with gas, and individual meters for gas, water, and electricity in each unit.
- Security Features: Includes a Videofied alarm system with photo alerts, electric fencing on the front fence, secure perimeter fencing, and access through an electric gate with G Web phone system.
- Additional Amenities: Borehole, with an irrigation system, fully fenced-off communal swimming pool, staff accommodation, and visitor parking.
This well-managed property not only provides consistent rental income but also offers modern amenities and security features that make it a highly attractive investment. With ample space for potential development and additional income opportunities, this property is an exceptional addition to any real estate portfolio.
Property Details
- 8 Bedrooms
- 10 Bathrooms
- 4 Ensuite
- 7 Lounges
- 6 Dining Area
- 1 Flatlet
Property Features
- Study
- Patio
- Pool
- Staff Quarters
- Laundry
- Storage
- Pets Allowed
- Access Gate
- Alarm
- Kitchen
- Garden Cottage
- Pantry
- Guest Toilet
- Entrance Hall
- Irrigation System
- Paving
- Garden
- Family TV Room
| Bedrooms | 8 |
| Bathrooms | 10 |
| Floor Area | 817 m2 |
| Erf Size | 2 370 m2 |
