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.
Property details
- Listing number T4653339
- Property type House
- Erf size 1 818 m²
- Rates and taxes R 2 500
Property features
- Bedrooms 4
- Bathrooms 2
- Lounges 1
- Dining Areas 1
- Flatlets
- Pet Friendly
- Alarm
- Balcony
- Laundry
- Pool
- Study
- Tv
- Entrance Hall
- Fireplace
- Guest Toilet
- Built In Braai
- Lapa