Description

This versatile property offers the perfect opportunity to bring this delightful small holding to its original summer splendour whilst offering additional structures that can either be used as garages, storage, workshops or conversion to additional cottages.

The property is 31 years old with a land size of 11,500m2, fully walled with automated entrance gate

The main house is situated on upper portion of the land

The double garages inclusive of 2 large rooms are next to the main house

The storage, workshop & domestic quarters are situated in the middle portion of land

Which leaves the bottom levelled portion open to cultivating the fertile ground

IN SUMMARY:

Main House: (estimated 440m2)

4 Large Bedrooms

2 Bathrooms, en-suite main bedroom and guest toilet

1 Lounge, large

1 TV room with fireplace, large

1 Kitchen, open plan, very spacious, with centre island combo breakfast nook that can comfortably seat 6-8 people, has a 5 plate gas stove plus oven combo and ample cupboard space

1 Laundry / Scullery, separate

1 Covered Patio (estimated 22m2)

1 Swimming Pool

This house offers a cost-effective opportunity to expand the enclose patio, making it an additional entertainers’ area, that interlinks the kitchen and lounge.

Garages: (estimated 94m2)

Double standard size garage with roll up doors has 2 additional rooms (approximately 3-4x4m each)

Option to convert to additional cottage

Storeroom and Workshop: (estimated 202m2)

Potential to convert to additional cottage, with existing power & water supply

Domestic quarters are adjacent to these buildings

Furthermore:

3 Phase Power supply to property, electrical box within property borders

Backup Generator connection to home (own generator will be required)

Ekurhuleni power supply

Council water supply to the house 

1 functioning borehole supplying water to domestic quarters , garden & pool with hosepipe connection

4 Large JOJO tanks

2 Septic tanks

IMPORTANT:

In addition (client qualifying dependent) the bank could consider offering a 100% bond for this specific small holding, whereas the general loan to value from the banks ask for a 20 % deposit. 

Figures obtained from a bank estimated value app pertaining to the highest and lowest area values are pinned between R2,480,000 and R3,960,000, estimating this property’s current resale value at R3,000,000 which clearly makes this a good ROI property.

Figures obtained from actual deeds office registration sales in the area are on par at R2,600,000 as an average amount so your investment is secure.

For viewing arrangements kindly contact me