This versatile investment property is ideally located in Kaalfontein, Midrand, an area known for consistent rental demand and easy access to key amenities. Set on a well-sized 434 sqm erf, the property offers both immediate income and excellent future development prospects.
The stand currently accommodates two separate 2-bedroom houses, each with practical layouts suitable for rental accommodation. These existing dwellings allow an investor to generate income from day one, while planning for further development.
The generous yard space presents an ideal opportunity to develop additional bachelor units or rental accommodation, subject to the necessary municipal approvals. This makes the property particularly attractive to investors looking to maximize returns in a high-demand rental node.
The property is conveniently positioned close to public transport, schools, shopping centres, medical facilities, and major arterial routes, ensuring strong tenant appeal and long-term occupancy.
Whether you are a seasoned investor or a developer seeking a value-add opportunity, this property offers the perfect balance of development flexibility and long-term capital growth.