7 Bed House in Westdene

Income Generating | 7 Bed | 5 Bath | Lounge | Kitchen | Potential +-24k Gross |

-Potential for R24 000 Gross income renting out rooms to individual Young Professionals***

-Current income is R11 000 not fully occupied***

-7 Bedrooms (5 in the house with 2 spacious, external units)

-5 Bathrooms (2 common bathrooms in house, 1 ensuite + 1 in each external unit)

-Small Lounge

-1x Ktchen + Laundry/Scullery (Potential to convert to second kitchen)

-1x Courtyard With 2 Braai stands

Property currently operating as student accommodation. Currently not fully occupied. The main house has 5 bedrooms. Two of these bedrooms are single occupant rooms with 3 being spacious enough to be shared. There are two external bachelor units that have been used as shared rooms but are spacious enough to be self-contained bachelor units if kitchens are installed.

My +-R23 000 gross monthly income is based on the premise of renting out the individual rooms to young professionals as opposed to students.

Post kitchen installations the two bachelor units could rent out for:

R3 800 R4 500 each

The two smaller rooms could rent out for:

R2 500 R2 800 each

The larger rooms in the house could rent out for:

R3 000 R3 500 each