This is a good opportunity for a family that needs accommodation, with substantial income stream that will significantly contribute to the bond repayments. The total income yield from this investment is R10920! Land size is large by Cosmo City Ext 10 standards.
The main three-bedroom house is neat offering a single bathroom with a bath, basin and a separate toilet for convenience. The main bedroom has built-in-wardrobes, is tiled and would easily accommodate a queen bed and some furniture. The second bedroom, which is also tiled, is large enough to accommodate the necessary bedroom furniture. The third bedroom easily accommodates a double bed. The open-plan lounge is spacious, neat, tiled and offers generous space for lounge furniture and a small dining set. The kitchen boasts laminate top surfaces, good cupboard space, a single sink and is also tiled.
The two cottages are comfortable and self-contained. One cottage has built-in-wardrobes and can accommodate a double bed and a couch. The kitchenette has a single sink and some cupboard space. The bathroom has a shower, a toilet and a basin. All the units have floor tiles.
This property which is walled and gatted, is in the sought-after area of Cosmo City Ext 10 and has so much potential in terms of further development. It is located close to all the major shopping centers, Cosmo City Police Station, Cosmo City Fire Station, schools, transport networks and other amenities.
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History
Roodepoort, meaning red valley, was established in 1886 as one of four Witwatersrand goldfields. With 98% of South Africa's gold production coming from this area, Roodepoort homeowners can literally say, their town is built on gold.
Following the discovery of massive amounts of gold on the Witwatersrand and the need for a major town west of the reef, Krugersdorp was founded in 1887.
In 1961 South...
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