2 Bedroom House For Sale in Manor Heights
R1,170,000
Monthly Bond Repayment R12,276.30
Calculated over 20 years at 11.25% with no deposit.
Web Ref No RNR23417
Excellent Development Opportunity for Multiple Units
This property has been rezoned from Agricultural to General Residential Zone 3, making it an ideal investment for developers aiming to create high-density, single-family housing.
Key Highlights:
Zoning Advantage: Suitable for multiple dwelling units, making high-density living possible.
Approved Building Plans: Includes designs for two existing units, with the potential for further expansion.
Buyers can submit additional plans for approval.
Current Rental Income: The property currently has two ground-floor units, each featuring:
2 bedrooms with built-in cupboards
1 bathroom (bathtub, basin, and toilet)
Open-plan kitchen and lounge
Total monthly rental income: R8,000
Low Maintenance: Designed for easy management and long-term tenant appeal.
Why Invest?
With rezoning already completed, this is a seamless opportunity to develop high-density housing in a sought-after location. Whether you plan to construct more units or extend the existing ones, this property offers great potential for high returns.
Don’t miss out on this prime investment opportunity!
Key Highlights:
Zoning Advantage: Suitable for multiple dwelling units, making high-density living possible.
Approved Building Plans: Includes designs for two existing units, with the potential for further expansion.
Buyers can submit additional plans for approval.
Current Rental Income: The property currently has two ground-floor units, each featuring:
2 bedrooms with built-in cupboards
1 bathroom (bathtub, basin, and toilet)
Open-plan kitchen and lounge
Total monthly rental income: R8,000
Low Maintenance: Designed for easy management and long-term tenant appeal.
Why Invest?
With rezoning already completed, this is a seamless opportunity to develop high-density housing in a sought-after location. Whether you plan to construct more units or extend the existing ones, this property offers great potential for high returns.
Don’t miss out on this prime investment opportunity!
Features
Bedrooms 2
Bathrooms 1
Recep. Rooms 1
Land Size 2,312m²
Pets Allowed Yes
Monthly Rates R1,004.00
Bathrooms 1
Recep. Rooms 1
Land Size 2,312m²
Pets Allowed Yes
Monthly Rates R1,004.00
Agent Contact Details
Message the Agent
1 of 1
