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R 2 600 000 (140 921 EUR*)

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5
2
2
± 2639 m2
± 300m2
R 2040  / m

INVESTORS DELIGHT - 5 BEDROOM HOUSE + COTTAGE + OPTIONS

Easy access to the M7 and M13, close to Benjamin Pine School.
Much loved family home in sought after Farningham Ridge.

MAIN HOUSE +/- 300sqm offers:
5 bedrooms and 2 bathrooms, fitted kitchen, scullery, laundry, storeroom, dining room, 2 lounges with scenic views out of large windows overlooking the pool and garden.

BUT with easy conversion, the house can be converted into a 3 bedroom house and 2x 1 bedroom granny flats.

Double carport, single lock up garage. Extra's swimming pool, jacuzzi, air conditioners, green house, koi pond and so many more features...

COTTAGE +/- 60sqm offers:
1.5 bedroom, carport with its own entrance currently leased at R5 500 per month.

The numbers don't lie:
Purchase this property for R2 600 000 as an investment property (enjoying medium to long term growth while receiving rental income). Sub-divisable.

RENTAL INCOME

-3 bed house
R10 000pm ex utilities

-1.5 bed cottage (private entrance)
R5 500pm ex utilities (could ask R6 000)
Currently tenanted at R5 500 on a month to month until new owner, then will sign a lease

-1 bed conversion
R5 500pm ex utilities

-1 bed conversion
R5 500pm ex utilities

TOTALS
+/-Income: R27 000 rental
+/- Bond Repayment R20 160 (7% interest over 20yrs)

BONUS FOR TENANTS the location gives easy access to the M7 & M13

Advice to buyer: Install a prepaid water & electricity meter for each home and enjoy hassle free tenancy

*Approx Values applied

Call Lara to discuss or arrange a view



Message Agent

Lara Whittaker, estate agent


+27 (0)83 562 3630
+27 (0)31 764 7996
 whatsapp agent

  lara@pixiegestates.co.za lara@pixiegestates.co.za
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