Look Out: Prime Investment with Spacious Flatlet & Limitless Development Potential
This spacious property is a rare find in a highly sought-after location, offering excellent rental income and future development possibilities. Situated within a 2km radius of North-West University and Vuselela TVET College, this home presents an ideal investment for anyone seeking proximity to these educational institutions. While it could use a little TLC to bring it up to its full potential, the foundation is strong, and the opportunity for growth is clear. As it’s currently generating R16,000 gross rental income per month, with a solid gross annual yield of 11.2%, making it an ideal investment both in the present and the future.
The main house offers: •3 Generously sized bedrooms with ample cupboard space, and 2 bathrooms (including an en-suite) offering comfort and convenience. •2 spacious and versatile living areas that can be used for a spacious entertainment area or converted into additional rooms for potential tenants. •A big kitchen with enough space to accomodate many tenants. •Double Garage: This large garage could be easily converted into additional bedrooms or living space, offering endless potential to increase rental income or cater to personal needs.
The flatlet offers: •2 Bedrooms: Offering comfortable living space for tenants. •Private Kitchen & Bathroom: Fully equipped for independent living. •Private Garage: A secure and separate garage for added convenience.
And finally, this property features a large yard with significant potential for future development.
Properties like this don't stay on the market for very long so, don’t miss out on this exceptional opportunity.
Potchefstroom, fondly referred to as Potch, looks like a beautiful country town yet feels like a lively energetic town. It is home to students benefiting from degrees available to them through the North-West University. Also known as the home of sport, Potchefstroom is home to many local athletes and hosts over 1000 international athletes annually, this is largely due to its very clean air as a result of low levels...
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
