This investment property is for the discerning buyer, who does not only see the present value but the future potential locked in it as well. The current income yield is R25,100.00, which can provide an even higher return. This is sufficient to cover your bond repayments and leave you with a substantial amount in your pocket right from the start.
The main house has been converted into four spacious cottages, three with built-in wardrobes. Some have tiles and others have carpets. The kitchen boasts a four-plate stove, plenty of cupboard space and a double sink. There are floor tiles. There is a separate toilet and a bathroom with a bath and a basin and there also is a patio.
The double-storey houses six large cottages - three at the bottom and three at the top. The cottages all have built-in wardrobes. They all have floor tiles. There are two bathrooms at the top and two at the bottom, with showers. Each cottage has its own electricity meter for convenience. There is a washing sink at the top and another one at the bottom.
There is so much scope to improve on the cottages and increase the current return.
The property is situated close to a shopping centre, Cosmo Mall, schools, transport network and other amenities.
Call me today to book your viewing appointment. Viewing is for prequalified buyers only.
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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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
