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Investor’s Dream or Income Generating Family Home! - R1 750 000

R 1,690,000

Can I afford this?
29 days ago259 views
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General Details
For Sale By:Owner
Dwelling Type:House
Bedrooms (#):3
Bathrooms (#):1
Parking:Secure Parking
Description

Investor’s Dream or Income Generating Family Home! - R1 690 000

This versatile corner property is ideal for savvy investors or homeowners seeking to generate rental income while enjoying comfortable living.

The main house features 3 well-sized bedrooms with built in cupboards, a spacious lounge, a dining area, a beautifully renovated kitchen, and a full bathroom.

A bright sunroom offers added flexibility. It can easily be converted into a 4th bedroom, a home office, or a relaxation space, complete with access to a small balcony.

In addition to the main residence, the property boasts a modern 1 bedroom flatlet with an open-plan lounge and bathroom, currently earning a rental income of R4,900 per month.

An additional outbuilding presents the opportunity for further rental potential once restored, adding even more value to this income-generating property.

Practicality meets convenience with 2 prepaid water meters and 3 electricity meters already installed.

The property also offers dual entrances: One for the main house and another for the rental units. This ensures privacy and ease of access for tenants.

Set on a generously sized yard, the property is securely enclosed with newly installed precast boundary walls.

Don't miss out on this investment opportunity with multiple income streams and long-term value!

Id Subtitle 1341281961
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Estimated monthly repaymentR 17,158
Total property loan amountR 1,690,000
Total interestR 2,427,769
Total repaymentR 4,117,769
Interest rate at 10.75% for 20 years *
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Selling for 9+ years
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