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9 Bedroom house in Pimville Zone 7 For Sale
R 2,300,000
Can I afford this?19 Photo(s)
4 months ago228 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):552
Description
This investment property is nothing but a money making machine. It has 4 bedrooms, 2 bathrooms, a lounge and kitchen inside the house. It has additional outside rooms which comprises of 5 rooms, 3 bathrooms and a kitchen combined with lounge. This 18 beds NSFAS accredited property is a dream for any investor. It is located in a prime, tranquil area in Pimville, near the University of Johannesburg, Soweto Campus. It is currently functioning as student accommodation with NSFAS accreditation for 18 students. The rental income on full occupation is R75,600.00 monthly.
There is also a solar converter in the property when there is load shedding. A 5kva hybrid solar kit with 4.8kwh lifepo4 battery and 6x 455w solar panels. It also has certification of gas installed on both in the house and outside kitchen. There are also cameras and a security alarm system installed for security for students. There’s also a room for a caretaker who looks after the property and students. Description of the property is per below:
Inside the house:
4 Bedrooms
2 Bathrooms
Kitchen
Lounge area
Outside rooms:
4 rooms
2 showers
2 toilets
This is an opportunity not to miss in these tough economic times. Get in touch with us and let’s make your investment dreams come true.
Amenities
Easy access to main road access
2 km away from University of Johannesburg
2 km away from Maponya Mall
3,5 km away from Baragwanath Hospital
3,5 km away from Lesedi Private Hospital
Property Reference #: ENT0266440
Agent Details:
Nomsa Shabalala
KW Advance
1 Pauline Street, Constantia Kloof, Roodepoort, Gauteng, 1709
There is also a solar converter in the property when there is load shedding. A 5kva hybrid solar kit with 4.8kwh lifepo4 battery and 6x 455w solar panels. It also has certification of gas installed on both in the house and outside kitchen. There are also cameras and a security alarm system installed for security for students. There’s also a room for a caretaker who looks after the property and students. Description of the property is per below:
Inside the house:
4 Bedrooms
2 Bathrooms
Kitchen
Lounge area
Outside rooms:
4 rooms
2 showers
2 toilets
This is an opportunity not to miss in these tough economic times. Get in touch with us and let’s make your investment dreams come true.
Amenities
Easy access to main road access
2 km away from University of Johannesburg
2 km away from Maponya Mall
3,5 km away from Baragwanath Hospital
3,5 km away from Lesedi Private Hospital
Property Reference #: ENT0266440
Agent Details:
Nomsa Shabalala
KW Advance
1 Pauline Street, Constantia Kloof, Roodepoort, Gauteng, 1709
Id Subtitle 1254305210
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Estimated monthly repaymentR 24,926
Total property loan amountR 2,300,000
Total interestR 3,682,063
Total repaymentR 5,982,063
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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KW Advance
Selling for 1 year
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