- 12
- 6
- 990 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 1545.00
Property description
Double Stand (990m²) Zoned Res 4 – No Rezoning Needed! | 12 Units with R60K+ Potential Income
This is the ultimate investment opportunity in Turffontein – a spacious property that already generates income and offers massive room to expand. Zoned Residential 4, no rezoning is required, making it ideal for future high-density development.
Set on a double stand of 990m², the property currently offers 12 rentable units. The main house has eight bedrooms (one en-suite) plus shared bathroom facilities and extra outside toilets. There are also four flatlets – three fully self-contained with a kitchen and bathroom, and one with a kitchen and external bathroom. All units are fitted with prepaid electricity, and the flatlets are serviced by a solar geyser to keep costs low.
Extras include a borehole (just needs a pump), shaded parking, a shed for storage or construction, and even previous development plans to cut down on architect fees when you’re ready to build. The spacious yard provides plenty of room for further development, with the property offering a potential rental income of R60,000+ per month once expanded.
With schools, shops, and major transport routes nearby, the location ensures steady tenant demand and excellent long-term growth.
A golden chance for the savvy investor looking for cash flow today and serious development upside tomorrow.
Property Details
- 12 Bedrooms
- 6 Bathrooms
- 1 Ensuite
Property Features
- Wheelchair Friendly
- Fence
- Access Gate
- Guest Toilet
- Paving
| Bedrooms | 12 |
| Bathrooms | 6 |
| Erf Size | 990 m2 |
Contact the Agent
Mukhtaar Ahmed
Candidate Property Practitioner
