10 Bedroom House For Sale in New Park
R5,300,000
Monthly Bond Repayment R55,610.57
Calculated over 20 years at 11.25% with no deposit.
Web Ref No RNR19698
TEN BEDROOM HOUSE CURRENTLY ACCOMMODATING WORKING PROFESSIONALS
This versatile property, zoned for both business and Residential 3 use, accommodates 20 students or working professionals across 10 fully furnished and modern rooms. Each room is equipped with two single beds, a Smart TV, a private toilet and bathroom, a bar fridge, and Wi-Fi access. The property also includes two communal kitchens and a braai area, offering comfortable living spaces.
This property offers incredible potential for substantial income. With all rooms currently occupied, there's an opportunity to maximize returns by accommodating more tenants and students. Currently rented to working-class individuals, the property also includes two rooms operating as BnBs, generating impressive monthly revenue. The possibilities for increasing income are excellent, making this an ideal investment.
Additionally, the property has approved zoning for a double-storey extension at the back, providing further development potential. The combination of its excellent location and income potential makes this property an exceptional investment opportunity.
This property offers incredible potential for substantial income. With all rooms currently occupied, there's an opportunity to maximize returns by accommodating more tenants and students. Currently rented to working-class individuals, the property also includes two rooms operating as BnBs, generating impressive monthly revenue. The possibilities for increasing income are excellent, making this an ideal investment.
Additionally, the property has approved zoning for a double-storey extension at the back, providing further development potential. The combination of its excellent location and income potential makes this property an exceptional investment opportunity.
Features
Bedrooms 10
Security Yes
Bathrooms 10
Land Size 1,010m²
Carports/Parkings 10
Monthly Rates R1,500.00
Security Yes
Bathrooms 10
Land Size 1,010m²
Carports/Parkings 10
Monthly Rates R1,500.00
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