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R 750 000

5 Bedroom House for Sale in Richmond Hill

  • Bedrooms 5
  • Bathrooms 2
  • Erf Size 485 m²
    • m²: 485 m²
    • Hectares: 0.049 ha
    • Acres: 0.12 acres
Investment property in richmond hill

This property is an attractive investment opportunity in real estate. Here are some key features and considerations:

Property Description:The property consists of 5 large bedrooms with built-in cupboards, 2 bathrooms, an open plan lounge/kitchen area, and a veranda overlooking the port of Gqebera. It also includes a water tank with a purification system, connected to the main water supply. Additionally, there are ample washing lines.

Furnishings and Appliances:All furniture and appliances, such as beds, fridge, washing machine, Wi-Fi router, TV, microwave oven, lounge suite, and chairs, are included in the price. This can be attractive to potential tenants as they won't need to invest in these items themselves.

Rental Income and Expenses:The property is currently rented out to tenants, generating a monthly income of R14,250. The expenses are approximately (Rates -...

This property is an attractive investment opportunity in real estate. Here are some key features and considerations:

Property Description:The property consists of 5 large bedrooms with built-in cupboards, 2 bathrooms, an open plan lounge/kitchen area, and a veranda overlooking the port of Gqebera. It also includes a water tank with a purification system, connected to the main water supply. Additionally, there are ample washing lines.

Furnishings and Appliances:All furniture and appliances, such as beds, fridge, washing machine, Wi-Fi router, TV, microwave oven, lounge suite, and chairs, are included in the price. This can be attractive to potential tenants as they won't need to invest in these items themselves.

Rental Income and Expenses:The property is currently rented out to tenants, generating a monthly income of R14,250. The expenses are approximately (Rates - R1200, Water & Electricity R2000, wi-fi R500, Cleaning R750) R4450 per month in total.

Zoning and Potential Occupancy:The property is zoned as Res 3b, which means it is suitable for multiple occupants. The individual rooms can be rented out, with prices ranging from R2,750 to R3,100 per room. The two double rooms have the potential to accommodate two students each, which could significantly increase the rental income.

Additional Features:The property has a cellar room used for storage, pre-paid water and electricity meters, a panic button linked to a security company, and a high level of security, unlimited wi-fi. However, it's worth noting that there is no secure parking available.

Location:The property's proximity to Albany Road and Govan Mbeki Road makes it convenient for tenants working in that area. This can be advantageous for attracting tenants and maintaining a high occupancy rate. It is only 5 min walk to Pier 14 or Municipality main buildings.

Bedrooms Bedrooms: 5
Bathrooms Bathrooms: 2
No Pets Allowed No Pets Allowed
Listing number: P24-115291078, Image number: 1, Image
Listing number: P24-115291078, Image number: 2, Image
Listing number: P24-115291078, Image number: 3, Image
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Listing number: P24-115291078, Image number: 8, Image
Listing number: P24-115291078, Image number: 9, Image
Property Overview
Listing Number
115291078
Type of Property
House
Listing Date
01 December 2024
Erf Size
485 m²
Floor Size
125 m²
Pets Allowed
No
Bedrooms
5
Bathrooms
2
Kitchens
1
Reception Rooms
1
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