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Dual living with development potential already approved
R 4,490,000
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17 days ago19 views
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Description
Unique Investment Opportunity: Dual Living with Development Potential!
Discover the perfect blend of spacious living, income generation, and future development potential with this remarkable property. Situated on a sprawling two-hectare plot, this property offers not one, but two houses, presenting endless possibilities for extended family living or rental income.
Main House:
Step into luxury with a well-maintained main house boasting open-plan living areas, a cozy fireplace, and a refreshing swimming pool, ideal for relaxation and entertainment. Upstairs, three generously sized bedrooms await, including a lavish ensuite for the master bedroom. With double garages, ample storage, and private fencing, this residence ensures comfort and security for your family.
Second House:
Unlock the potential of the second house. 2 X loft-style apartments primed for customisation.
With a layout designed for convenience, this dwelling offers income-generating opportunities, accommodating two separate households or tenants. Upgrades may be needed, but envision the possibilities for creating modern, desirable living spaces.
Development Advantages:
Elevating this property's value is the convenience of utilities in close proximity.
A water line, eskom electricity and a sewerage line is in close proximity.
3 Storey development allowance.
40% coverage with the option to increase
60 units per ha development.
Should you thus wish to demolish current houses a total of 120 units allowance
The current housing is so developed that the 1st erf can be developed while living in the 2nd erf.
Endless Opportunities Await:
Whether you seek extended family accommodation, rental income, or a strategic investment, this property delivers. Embrace the chance to create your dream lifestyle while capitalising on the potential for future growth and prosperity.
Don't miss out on this extraordinary opportunity! Contact us today to arrange a viewing and seize your slice of real estate excellence.
Res 3 development approval in place
2 separate ha stands total 2ha
60 units per ha
2 houses on the 1 ha
Great family accommodation and development potential
# Parking: 2
Property Reference #: 3382
Agent Details:
David Raath
My Next Property
Cascade Office Park, Block A1 cnr Hendrik Potgieter and Cascades Road Entrance cnr Wasbank and Wei
Roodepoort
Discover the perfect blend of spacious living, income generation, and future development potential with this remarkable property. Situated on a sprawling two-hectare plot, this property offers not one, but two houses, presenting endless possibilities for extended family living or rental income.
Main House:
Step into luxury with a well-maintained main house boasting open-plan living areas, a cozy fireplace, and a refreshing swimming pool, ideal for relaxation and entertainment. Upstairs, three generously sized bedrooms await, including a lavish ensuite for the master bedroom. With double garages, ample storage, and private fencing, this residence ensures comfort and security for your family.
Second House:
Unlock the potential of the second house. 2 X loft-style apartments primed for customisation.
With a layout designed for convenience, this dwelling offers income-generating opportunities, accommodating two separate households or tenants. Upgrades may be needed, but envision the possibilities for creating modern, desirable living spaces.
Development Advantages:
Elevating this property's value is the convenience of utilities in close proximity.
A water line, eskom electricity and a sewerage line is in close proximity.
3 Storey development allowance.
40% coverage with the option to increase
60 units per ha development.
Should you thus wish to demolish current houses a total of 120 units allowance
The current housing is so developed that the 1st erf can be developed while living in the 2nd erf.
Endless Opportunities Await:
Whether you seek extended family accommodation, rental income, or a strategic investment, this property delivers. Embrace the chance to create your dream lifestyle while capitalising on the potential for future growth and prosperity.
Don't miss out on this extraordinary opportunity! Contact us today to arrange a viewing and seize your slice of real estate excellence.
Res 3 development approval in place
2 separate ha stands total 2ha
60 units per ha
2 houses on the 1 ha
Great family accommodation and development potential
# Parking: 2
Property Reference #: 3382
Agent Details:
David Raath
My Next Property
Cascade Office Park, Block A1 cnr Hendrik Potgieter and Cascades Road Entrance cnr Wasbank and Wei
Roodepoort
Id Subtitle 1278356231
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Estimated monthly repaymentR 48,659
Total property loan amountR 4,490,000
Total interestR 7,188,028
Total repaymentR 11,678,028
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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