Situated in Old Vaalpark, this exceptional 2075m² corner property offers both a family home and a unique opportunity for future expansion with potential for additional income generation.
The erf has been subdivided, with 602m² rezoned for higher density use. Conceptional plans have been drawn for two semi-detached, double-storey townhouses (each approximately 300m²), designed to be North-facing to ensure privacy from the main house.
The main property retains a generous yard, complete with a well-established garden, borehole, and fruit trees. Each proposed townhouse could potentially sell for over R1 million, depending on finishes, or provide a healthy rental yield once completed. This makes the property ideal for investors or those seeking extra living space without compromising privacy.
Property Highlights:
• Total erf size: 2075m², subdivided with...
Situated in Old Vaalpark, this exceptional 2075m² corner property offers both a family home and a unique opportunity for future expansion with potential for additional income generation.
The erf has been subdivided, with 602m² rezoned for higher density use. Conceptional plans have been drawn for two semi-detached, double-storey townhouses (each approximately 300m²), designed to be North-facing to ensure privacy from the main house.
The main property retains a generous yard, complete with a well-established garden, borehole, and fruit trees. Each proposed townhouse could potentially sell for over R1 million, depending on finishes, or provide a healthy rental yield once completed. This makes the property ideal for investors or those seeking extra living space without compromising privacy.
Property Highlights:
• Total erf size: 2075m², subdivided with 602m² designated for higher density
• Expansion plans: Conceptual designs for 2 semi-detached, double-storey townhouses (approx. 300m² each)
• Upgraded utilities: Electrical wiring has been redone, and plumbing has been upgraded to PVC pipes installed externally for easy maintenance.
• Main house: 4 bedrooms, which includes a spacious loft bedroom, and 2 bathrooms
• Main bedroom: The main bedroom offers a full ensuite bathroom (including a bath, shower, basin, and toilet), ample built-in cupboards, and an air-conditioning unit for added comfort.
• Open-plan living: Double-volume ceiling in the lounge, featuring a wood-burning fireplace, leading to the kitchen and dining area, with access to the scullery
• Outdoor living: Expansive garden with borehole, irrigation, and fruit trees, plus a large under-roof braai area with a built-in braai
• Parking: Double under-cover carport suitable for a caravan, trailer, and vehicle, with ample additional secure parking space within the property
• Garage: Double garage with automated doors and space for workbenches
• Water storage: 2 x 5000L tanks
• Energy-efficient: Solar geyser
• Additional features: Staff accommodation with adjacent toilet and basin (currently used as a home office)
• Security: Burglar bars, security doors, comprehensive alarm system with inside and outside beams, and night floodlights
With the potential to develop the rezoned portion of the erf into townhouses while still enjoying an expansive yard, this property offers a rare combination of privacy, growth opportunities, and potential rental income. Don’t miss out on this prime investment in a sought-after location.