- 5
- 1.5
- 1
- 260 m2
- 495 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 685.00
Property description
Welcome to a rare chance to transform a property into the home of your dreams or an income-generating asset! This 495m² corner plot offers endless possibilities for those with a vision and a willingness to invest in some TLC and renovations.
Situated in a sought-after, centrally located area, this property places you within minutes of national roads, the Canal Walk Shopping Mall, and various retail centers. Top-rated schools, private hospitals, and essential amenities are all nearby, making it a prime spot for future value.
Currently set up as a house-share, this property features 5 generously sized bedrooms, 4 of which include a basic private shower, toilet, and entrance, offering tenants privacy and convenience. Each room is managed with a separate prepaid electricity meter, making it an ideal setup for rental income. The fifth room offers flexibility—it can be converted into another rental space or integrated as part of a cohesive family home. With a current rental income of R12,000 per month, this property holds steady investment potential.
The large open yard is perfect for expansion—whether you’re dreaming of additional units, a second dwelling, or a landscaped garden. The corner plot layout provides flexibility, privacy, and room for development.
Important to Note
This property does require significant maintenance and care and is being sold as is. It’s perfect for someone who isn’t afraid to roll up their sleeves, take on a project, and unlock its full potential.
Whether you're looking to grow your monthly income, increase the property’s value, or create your ideal residence, this home is a blank canvas waiting for your personal touch!
Ready to explore the possibilities? Contact us today to schedule a viewing.
Property Details
- 5 Bedrooms
- 1.5 Bathrooms
- 1 Garages
- 1 Lounges
Property Features
- Pets Allowed
| Bedrooms | 5 |
| Bathrooms | 1.5 |
| Garages | 1 |
| Floor Area | 260 m2 |
| Erf Size | 495 m2 |
