Versatile Investment Property in Randhart Enclosed Area – Excellent Rental Income Potential
Situated in the sought-after *Randhart enclosed area in Alberton, on a generous **1,050 m² erf, this versatile property presents an excellent opportunity for investors and extended families. Currently configured as three separate two-bedroom homes, the property offers the flexibility to convert the main residence and adjoining cottage back into a spacious four-bedroom family home, while retaining a completely independent two-bedroom cottage. Whether you are looking to generate rental income, explore Airbnb or short-term accommodation opportunities, or provide a private home for Mom and Dad while keeping the family close together, this property offers excellent potential. *The two cottages currently generate a combined rental income of R13,000 per month, with the opportunity to potentially increase the overall rental income by utilising the entire property as an income-generating investment.
The main residence features comfortable living areas, including a lounge or reading room with a functional fireplace, a separate dining room and an inviting patio with an outdoor braai area. The spacious kitchen offers a double eye-level oven, stovetop, ample built-in cupboards and additional storage. There are two bedrooms, including a generously sized main bedroom with built-in cupboards, space for a study or pyjama lounge, and an en-suite bathroom with a shower, toilet and basin. A separate laundry area with additional cupboard space, shower and toilet adds further convenience.
The property includes two additional two-bedroom cottages. The independent cottage is completely separate from the main residence, offering its own private entrance, dedicated carport and garden. It features two bedrooms, two bathrooms, a comfortable lounge, fitted kitchen with a four-burner gas stove, separate washing area and its own geyser. The adjoining cottage offers two bedrooms, a lounge, fitted kitchen with ample cupboard space, two linen cupboards, space for a washing machine or dishwasher, a bathroom with a bath, toilet and basin, and a designated carport. All three living units have individual prepaid electricity meters, while the main residence and adjoining cottage share a geyser. Security beams are installed around the main residence, and the existing alarm system could potentially be extended to the additional accommodation.
The generous erf provides outdoor entertainment and garden space, together with an existing swimming pool that is currently non-functional and will not be repaired by the seller before transfer. With the two cottages already generating R13,000 per month, equivalent to R156,000 annually in gross rental income, this property offers an attractive investment opportunity. Investors could potentially increase their returns by renting out the main residence as well, creating three income-generating units on one property, subject to applicable approvals and rental demand. Alternatively, the layout is ideal for multi-generational family living, with separate accommodation for parents or adult children. Its location within the Randhart enclosed area, flexible accommodation and existing rental income make this property an appealing option for buyers seeking both lifestyle flexibility and long-term investment potential.
Exclusive viewings by appointment. Contact Graeme to arrange your private viewing.