4 Bedrooms, 3 Bathrooms, 3 Reception Rooms, 2 Kitchens for sale in Randpark Ridge

R 1,850,000

Can I afford this?
13 days ago28 views
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General Details
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):4
Bathrooms (#):3
Size (sqm):451
Parking:Covered
Description
The owner is asking R1.9 million - Offers will be considered from R1.85 Million, please call now, this is an investors dream.
Security:
The house is in a boomed-off area and it has surveillance camera's.
Location:
It is close to all local amenities; Randridge Mall, Lifestyle, restaurants, medical centre's, Rand Park High School, Randpark Primary, private schools, churches, etc.
The house has been divided into 3 parts:
The Front:
It has a large flatlet with one bedroom which can easily be split into two nice sized bedrooms.
The Main House:
There are two reception rooms, a nice sized kitchen, separate dining room, two bedrooms and a separate bathroom, the main bedroom with bathroom en suite.
The Rear:
There is a partly built flatlet, it has plans and planning permission.
Parking:
There are iron supports installed for a double carport and parking space for a further 5 vehicles.
Pets:
There is ample space for pets to roam.
Comment:
This house can be converted back to 5 bedrooms and 4 bathrooms or it can be split into:                                                                         The main house with 3 bedrooms, two lounges and two bathrooms.                                                                                                            Two flatlets (one bedroom and two bedrooms).
The two flatlets would yield a conservative rental of about R13 000 p.m. and the main house about R11 000 p.m.. This would give you a ROI of about 14.9% p.a..

Property Reference #: 7002001-53301

Agent Details:
Glen Stuart
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274221499
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Estimated monthly repaymentR 20,049
Total property loan amountR 1,850,000
Total interestR 2,961,660
Total repaymentR 4,811,660
Interest rate at 11.75% for 20 years *
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EXP Realty
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