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3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
3 Bedroom Property for Sale in Rietfontein Gauteng
R 1 850 000
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Property features

  • R 1 850 000
  • 3 Bedrooms
  • 4.0 Bathrooms
  • 0 Living Room/s
  • Garage for   car/s
  • Outside Parking for 4 car/s
  • Rates 
  • Pet Friendly
  • Garden
  • Security Estate

Property Details

House with two income generating flatlets and additional vacant Erf of 833sqm for sale.

Excellent opportunity for investors as the rental yield of the house & flats covers the bond amount.

The property consists of the following:

  • 3 Bedroom house
  • Two x bachelor flats
  • Vacant stand in the ongoing process of being subdivided from the house & flats.
    This vacant stand size comes to 833sqm, which may be developed as a second house, or sold separately once subdivision has been completed.
    Alternatively the whole property has been zoned to develop & build 14 sectional title units.

The house consists of the following:

  • Three bedrooms
  • Two bathrooms
  • Very spacious living area
  • Open plan kitchen
  • Small garden
  • Monthly rent: R10 000 pm

The flats both consist of the following:

  • Spacious bachelor living area / bedroom with built-in cupboards
  • Each have a newly renovated kitchen with granite tops
  • Both have their own bathroom with shower/toilet/basin
  • Flats monthly rent: R5 000 & R4 500 pm each (R9 500 total)
  • The flats are situated in a manner that both could also be used as office, or business space if not let out to residential tenants.

Four secure carport parking spaces available.

The vacant stand:

  • a Panhandle stand at the back of the house, currently in the process of being subdivided from the main house with flats.
  • The vacant stand measures 833sqm, excluding the driveway leading to the stand.
  • Excellent opportunity to develop the vacant stand by building a second house.

House & flat is occupied with 3 good tenants with current total monthly rental yield amounting to R19 500 pm.

  • House rental income: R10 000 pm
  • Flat 1 rental income: R5 000 pm
  • Flat 2 rental income: R4 500 pm

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