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R 1 595 000

3 Bedroom House for Sale in Wolmer

Wolmer, Pretoria

Contact agent for street address

3
2
4
2 500 m²
- m²: 2 500 m²
- Hectares: 0.25 ha
- Acres: 0.618 acres

Contact Agent

Chantel Greenblatt

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Beautiful Home in a Quiet Street with a Massive Yard - Ideal for Investment or Family Living

Are you in search of a remarkable property that offers both serenity and potential for development? Look no further! Nestled in a tranquil and desirable neighborhood, this beautiful home is a hidden gem. Don't miss out on this fantastic opportunity!

The development consists of an existing 3-bedroom house with one and a half bathrooms have been completely renovated about 2 years ago. Value is approximately R1.25 million. The house is registered as phase 1 and can be sold immediately once plans are approved and sectional title registration is open.

All rezoning rights are already in place. Levies have been fully paid, and plans can be submitted once the city council issues the "compliance certificate,".

Behind the house, there should be 4 houses of 90m2 each built, which can be sold for a minimum of R890,000 each or more. Total income potential is...

All rezoning rights are already in place. Levies have been fully paid, and plans can be submitted once the city council issues the "compliance certificate,".

Behind the house, there should be 4 houses of 90m2 each built, which can be sold for a minimum of R890,000 each or more. Total income potential is approximately:

R1,250,000 + R890,000 x 4 = R4,810,000.

Estimated development cost, according to other developers in the area, should be between R6,500 and R6,800 per square meter. Dws. 90m2 x 4 = 360m² to be built. That means 360m² x R6,500 per square meter construction cost = R2,340,000.

Potential profit:

R4,810,000 - R2,340,000 = R2,470,000 - Purchase price of R1,650,000 = R820,000.

Current Features of the Property

- Bedrooms: 3

- Bathroom: 1, plus a separate toilet

- Modern Kitchen: Stylish and Functional

- Living Rooms: 2 - Perfect for Relaxation and Entertainment

- Double Garage: Secure Parking for Your Vehicles

- Carports: 2, for Additional Parking or Potential Workspaces

- Garden: A Massive Yard with Endless Possibilities

Key Features:

- Quiet Street: Enjoy the peace and privacy of this lovely, tree-lined neighborhood. It's an ideal setting for a growing family or a peaceful retreat from the hustle and bustle of daily life.

-Great Development Opportunity: The expansive yard provides ample space for future expansion or development. You can rent out the existing home while you build at the back, maximizing your investment potential.

- Recently Renovated: The main house has been tastefully renovated, offering a fresh and modern feel for comfortable living. It's ready for you to move in and make it your own.

- Convenient Layout: With three spacious bedrooms, two living rooms, and a modern kitchen, this home is designed for your comfort and convenience. The separate toilet adds to the overall functionality.

- Endless Possibilities: The huge yard is a canvas awaiting your creative touch. Imagine a lush garden, a spacious outdoor entertaining area, or even additional living space - the choices are limitless.

Bedrooms: 3

Bathrooms: 2

Garages: 2

Parking: 2

Garden

Listing number: P24-114860592, Image number: 1

Listing number: P24-114860592, Image number: 2

Listing number: P24-114860592, Image number: 3

Listing number: P24-114860592, Image number: 4

Listing number: P24-114860592, Image number: 5

Listing number: P24-114860592, Image number: 6

Listing number: P24-114860592, Image number: 7

Listing number: P24-114860592, Image number: 8

Listing number: P24-114860592, Image number: 9

Property Overview

Listing Number

114860592

Type of Property

House

Listing Date

29 August 2024

Erf Size

2 500 m²

Rooms

Bedrooms

Bathrooms

Kitchens

Lounges

Dining Rooms

External Features

Garage

Parking

Parking 1

Carport

Parking 2

Carport

Gardens

Other Features

Security

Burglar Bars

Points of Interest

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