4 Bed House in Protea Park

This freehold property in Protea Park offers a combination of a spacious main house and multiple rental units, making it an attractive investment opportunity. Here are the key features and benefits of this property:

Main House Features

Bedrooms: 4 bedrooms providing ample space for a family.

Living Areas:

Big TV Room: A large space for entertainment and relaxation.

Dining Area: Spacious enough for family meals and gatherings.

Bathrooms: 2 bathrooms equipped for convenience.

Kitchen:

Family Gathering Kitchen: Vintage look with a cozy, welcoming atmosphere.

Scullery and Pantry: Extra space for storage and kitchen tasks.

Entertainment:

Two Lapas: Outdoor covered areas for social gatherings and relaxation.

Entertainment Area: Ideal for hosting friends and family.

Additional Rental Units

Flatlets:

3 separate flatlets, each featuring:

2 bedrooms

A kitchen

A bathroom

Potential for a Bachelor Flat: An additional unit that can be rented out.

Income Potential

Monthly Income: Approximately ZAR 20,000 from renting out the flatlets and potentially the bachelor flat.

Utility Features

Stoves: 3 out of 4 stoves are gas, reducing electricity costs.

Water Supply:

Borehole: Ensures a reliable water source.

Irrigation System: Maintains the garden efficiently.

Pressure Pump and 2000L JoJo Tank: Provides water storage and pressure regulation.

Geysers: 4 geysers ensuring hot water availability.

Electricity: 2 prepaid meters for easier management of electricity usage.

Parking

Covered Parking: 7+ spaces, protecting vehicles from the elements.

Open Parking: 5+ additional spaces for guests or tenants.

Investment Benefits

Diversified Income: Rental income from multiple units reduces risk.

Self-Sufficiency: Water supply systems reduce dependency on municipal water.

High Demand: The variety of units caters to different tenant needs, from families to singles.

Attractive Features: Entertainment areas and vintage kitchen appeal to potential tenants.

Summary

This property in Protea Park is a versatile investment offering a comfortable main house for an owner-occupier or primary tenant and several rental units generating steady income. The combination of ample living space, practical utility features, and attractive entertainment options makes it a desirable property for both investors and residents. The expected monthly income of around ZAR 20,000 adds to its appeal, promising good returns on investment.