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R 1 270 000
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3 Bedroom House for Sale in Jeppestown

18 Reimers Street, Jeppestown, Johannesburg
  • Bedrooms 3
  • Bathrooms 1
  • Erf Size 990 m²
    • m²: 990 m²
    • Hectares: 0.099 ha
    • Acres: 0.245 acres
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Patrick Foley

Multi-Tenanted Converted House For Sale in Jeppestown

Positioned on two stands, this house has been converted into 6 units. Around the perimeter, another 14 rooms have been well constructed. In addition, there is a two-roomed cottage on the site

Features include: Originally 3 bedrooms, bathroom, entrance hall, lounge, fireplace, separate dining room, large kitchen, pantry, enclosed rear patio. Now there is: 6 units within the house, wrap around front verandah, wooden & tiled floors, pressed ceilings, security gates, burglar proofing, ornate stone front entrance, bay windows, front security gate, parking for 6 cars, driveway, paveway, two roomed cottage, 14 individual rooms around the perimeter of the property, 3 outside toilets, shower, iron roof and patio outside each unit. There are approved plans for all additions

Total net monthly rental income is R32 000 (each room R1800 per month, cottage R2000 per month,...

Positioned on two stands, this house has been converted into 6 units. Around the perimeter, another 14 rooms have been well constructed. In addition, there is a two-roomed cottage on the site

Features include: Originally 3 bedrooms, bathroom, entrance hall, lounge, fireplace, separate dining room, large kitchen, pantry, enclosed rear patio. Now there is: 6 units within the house, wrap around front verandah, wooden & tiled floors, pressed ceilings, security gates, burglar proofing, ornate stone front entrance, bay windows, front security gate, parking for 6 cars, driveway, paveway, two roomed cottage, 14 individual rooms around the perimeter of the property, 3 outside toilets, shower, iron roof and patio outside each unit. There are approved plans for all additions

Total net monthly rental income is R32 000 (each room R1800 per month, cottage R2000 per month, expenses R6000 per month) This relates to a yield of 28% at the asking price

JEPPESTOWN

Jeppestown was established in or after 1886 by C.E.G. Julius Jeppe, who formed the Ford and Jeppe Estate Company with his son, who was also called Julius Jeppe, and L.P. Ford. In 1893, the Masonic temple was completed. In 1894, Jeppestown was described as consisting of "421 buildings, two churches, a Masonic temple, St Mary's Collegiate for Girls and a library". In 1896, the suburb had 5,647 inhabitants. St Michael's School for Boys, which has since been renamed Jeppe High School for Boys, was established in 1890, and the piece of open land called Julius Jeppe Oval was converted to a park in approximately the same year. The eastern part of Jeppestown came to be known as Belgravia.

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Bedrooms Bedrooms: 3
Bathrooms Bathrooms: 1
No Pets Allowed No Pets Allowed
Flatlet Flatlet
Garden Garden
Listing number: P24-111964956, Image number: 1, Image
Listing number: P24-111964956, Image number: 2, Image
Listing number: P24-111964956, Image number: 3, Image
Listing number: P24-111964956, Image number: 4, Image
Listing number: P24-111964956, Image number: 5, Image
Listing number: P24-111964956, Image number: 6, Image
Listing number: P24-111964956, Image number: 7, Image
Listing number: P24-111964956, Image number: 8, Image
Listing number: P24-111964956, Image number: 9, Image
Property Overview
Listing Number
111964956
Type of Property
House
Street Address
18 Reimers street, Jeppestown
Description
Bachelor/Studio, Ground Floor, Freestanding, Residential
Lifestyle
Accommodation, Shared Living, Suburban
Listing Date
29 October 2022
Erf Size
990 m²
Floor Size
520 m²
Levies
R 1
Special Levy
R 1
Rates and Taxes
R 986
Pets Allowed
No
Bedrooms
3
Bathrooms
1
Separate Toilet
Kitchens
1
Pantry
Reception Rooms
2
Rooms
Curtain Rails, Patio, Veranda
Parking
On Street Parking, Secure Parking, Visitors Parking
Garden
Yes
Style
Classical, Colonial, Conventional, Traditional, Victorian
Facing
Level Road
Roof
Iron
Wall
Face-brick
Window
Bay, Wood
Floor
Wooden Floors
Security
Burglar Bars, Perimeter Wall, Security Gate, 24 Hour Access
Special Feature
Driveway, Paveway, Pressed Ceilings, Totally Walled
Flatlet
Yes
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Bond Calculator

R
R
%
years
Monthly Repayment:
Total Once-off Costs:
Min Gross Monthly Income:
View Breakdown
What do I qualify for based on my income?
What are the bond and transfer costs?
*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.
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By continuing I understand and agree with
Property24's Terms & Conditions and Privacy Policy.

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