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
+27 (0)83 562 3630
+27 (0)31 764 7996
whatsapp agent
lara@pixiegestates.co.za
lara@pixiegestates.co.za
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