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This property features a two-bedroom main house and a separate bachelor cottage
R 850,000
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General Details
Location:
For Sale By:Agency
Description
Ideal for investors looking for a fixer-upper opportunity. Both structures require some renovation work to enhance their potential value and appeal to potential buyers or renters. The main house offers two bedrooms, while the bachelor cottage provides additional living space or rental income potential. With the right improvements, this property has the potential to attract buyers or tenants seeking a project with investment opportunities. This fixer-upper presents a promising canvas for investors seeking to maximize potential returns. The main residence boasts two cozy bedrooms, a quaint living area adorned with original hardwood flooring, and a modest kitchen awaiting a modern touch. With some renovation efforts, the layout can be reimagined to optimize space and functionality, offering an appealing dwelling for potential tenants or future homeowners.
Adjacent to the main house sits a charming bachelor cottage, complete with its own entrance and secluded patio area. While currently in need of restoration, this additional living space presents an enticing opportunity for supplemental rental income or a private retreat for extended family members.
Outside, the property showcases a spacious backyard with ample room for landscaping enhancements or the addition of outdoor amenities to elevate its appeal. Whether it's revitalizing the existing features or implementing a fresh vision, this fixer-upper represents a prime investment opportunity in a desirable neighborhood, poised for transformation and profit. With a keen eye for renovation and a strategic investment approach, this property holds the promise of yielding substantial returns in the thriving real estate market.
Two bedroom
One bath
bachelor cottage
one kitchen
one garage
parking space up to 5
garden
Property Reference #: MRR127
Agent Details:
Gracious Kelleta
Moodley Real Estate
2 Lazar Street
Harmelia
Germiston
Adjacent to the main house sits a charming bachelor cottage, complete with its own entrance and secluded patio area. While currently in need of restoration, this additional living space presents an enticing opportunity for supplemental rental income or a private retreat for extended family members.
Outside, the property showcases a spacious backyard with ample room for landscaping enhancements or the addition of outdoor amenities to elevate its appeal. Whether it's revitalizing the existing features or implementing a fresh vision, this fixer-upper represents a prime investment opportunity in a desirable neighborhood, poised for transformation and profit. With a keen eye for renovation and a strategic investment approach, this property holds the promise of yielding substantial returns in the thriving real estate market.
Two bedroom
One bath
bachelor cottage
one kitchen
one garage
parking space up to 5
garden
Property Reference #: MRR127
Agent Details:
Gracious Kelleta
Moodley Real Estate
2 Lazar Street
Harmelia
Germiston
Id Subtitle 1277953061
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Estimated monthly repaymentR 9,212
Total property loan amountR 850,000
Total interestR 1,360,763
Total repaymentR 2,210,763
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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Moodley Real Estate
Selling for 3+ months
Total Ads146
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