NEW
Web Ref ORL44630
R1,599,999
Monthly Bond Repayment R16,243.65
Calculated over 20 years at 10.75% with no deposit.
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Investors dream, house with 3 flatlets
Location: Norkem Park, Kempton Park
The Opportunity: Buy, Fix Up & Reap the Rewards!
Calling all savvy investors, flippers, and large families with a vision! This expansive property is priced to sell and offers a fantastic "buy and fix up" opportunity. With a little cosmetic love and TLC, you can instantly unlock massive equity and transform this diamond in the rough into a high-yielding rental machine or your dream forever home.
The Main House
The main residence features a spacious, versatile layout waiting for your personal touch:
4 Well-Sized Bedrooms with excellent natural light.
2 Neat, Shared Bathrooms ready for a modern upgrade.
Spacious living and dining areas perfect for family gatherings.
The Income-Generating Structure
Built for maximum versatility, the layout of this property goes far beyond a standard family home:
3 Separate Flatlets (Attached to the Main House): Perfect for extended family or generating substantial monthly rental income to completely cover your bond!
Staff Quarters / Maid’s Quarters: An additional helper's room for added convenience.
Garages & Parking: 2 lock-up garages plus ample secure parking space to comfortably accommodate vehicles for both owners and tenants.
? A Rare Value-Add Proposition!
Properties with this level of footprint, structure, and income potential at this price point are rare in Norkem Park. Bring your paintbrushes, bring your vision, and secure a high-yield asset today.
The Opportunity: Buy, Fix Up & Reap the Rewards!
Calling all savvy investors, flippers, and large families with a vision! This expansive property is priced to sell and offers a fantastic "buy and fix up" opportunity. With a little cosmetic love and TLC, you can instantly unlock massive equity and transform this diamond in the rough into a high-yielding rental machine or your dream forever home.
The Main House
The main residence features a spacious, versatile layout waiting for your personal touch:
4 Well-Sized Bedrooms with excellent natural light.
2 Neat, Shared Bathrooms ready for a modern upgrade.
Spacious living and dining areas perfect for family gatherings.
The Income-Generating Structure
Built for maximum versatility, the layout of this property goes far beyond a standard family home:
3 Separate Flatlets (Attached to the Main House): Perfect for extended family or generating substantial monthly rental income to completely cover your bond!
Staff Quarters / Maid’s Quarters: An additional helper's room for added convenience.
Garages & Parking: 2 lock-up garages plus ample secure parking space to comfortably accommodate vehicles for both owners and tenants.
? A Rare Value-Add Proposition!
Properties with this level of footprint, structure, and income potential at this price point are rare in Norkem Park. Bring your paintbrushes, bring your vision, and secure a high-yield asset today.
Features
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
2
Kitchen
1
Reception Rooms
2
Furnished
No
Exterior
Garages
2
Security
No
Flatlet
3
Domestic Accomm.
1
Pool
No
