7 Bed House in Westdene

Spacious investment property in Westdene

Offers from R1 800 000 will be considered.....Seller asking R2 200 000!

Discover quality and opportunity, perfect for entrepreneurs or families seeking investment opportunities or additional income. Nestled in a safe and serene neighborhood within walking distance of the university, this spacious property in Westdene offers exceptional value with its blend of comfort, elegance, and convenience.

Property Highlights

1. The Apartment Block with 4 Spacious Bedrooms

Two One-Bedroom Apartments: Each apartment is ensuite, boasting modern finishes and beautiful bathrooms with showers, enhancing your comfort and convenience. Enjoy the spacious built-in cupboards (BIC) and well-equipped kitchen units. The elevated view on the first floor allows natural light and breeze to flood in, creating a bright and airy ambiance.

One Two-Bedroom Apartment: This apartment features all ensuite bedrooms, ensuring privacy and comfort for all residents. The master bedroom, equipped with double BIC units, includes both a shower and a bathtub. The spacious open-plan living area with kitchen, dining, and lounge offers a delightful space for relaxation and entertainment.

2. The Main House

Three Spacious Bedrooms: Designed for comfort, these bedrooms provide ample space for relaxation.

Separate Bathroom: Well-appointed to meet your family''s needs.

Open-Plan Living and Dining Areas: These areas create a welcoming atmosphere, perfect for both relaxation and entertaining.

Functional Kitchen: The chic design features ample counter space, storage cabinets, and an eye-level oven, making cooking pleasurable.

3. Outdoor Areas

Extra Outside Room and Toilet: Ideal for guests or additional storage.

Ample Parking: Space for at least 5 cars and a carport for 2 vehicles ensures plenty of room for residents and guests.

Washing Line: Conveniently paved and positioned for easy access.

4. Calculations:

Purchase with Bond (90%) = R20 795/ month

Rates & Taxes = R875/ month

Utilities = R1640/ month

Rental Management fee = R1927/ month

Total Expenses = R25 202/ month

Rental Income= R28 270/month

Cashlow positive =R3 068/ month

Purchase with Cash:

R28 270 monthly rental income less R4 407 monthly expenses

Cashflow positive = R23 863

Gross Yield:17,4% at R28 270 rental income

Contact us today to arrange a viewing and take this investor''s dream to another level!