- 7
- 3
- 5
- 496 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 967.00
Property description
Lucrative Investment Opportunity: Income Generating House, Avondale Parow
Welcome to this spacious and strategically located 6-bedroom house in Avondale, Parow, where the proximity to hospitals, businesses, CPUT, and the University of Western Cape makes it an ideal location for rentals to students or working individuals, ensuring an excellent stream of income.
The main house comprises 5 bedrooms and a loft of 60 square meters, which serves as a dormitory with its own bathroom and shower. Additionally, there is a generously sized communal kitchen/dining area, laundry facilities, and a comfortable TV room. There is also a bathroom with a separate toilet to service the rooms on the lower level.
For added flexibility, there's a separate entrance garden flatlet, ideal for the owner to reside on the property while generating income from the main house. Alternatively, an investor can rent out the flatlet for even more income potential. There is an opportunity to purchase the furniture, making it even more convenient for those looking to start renting immediately.
This property is well maintained, located in a safe neighborhood with an active neighborhood watch, offering peace of mind to both occupants and investors alike. Ample parking further enhances the convenience and attractiveness of this investment opportunity.
Offered on a joint exclusive mandate.
Property Details
- 7 Bedrooms
- 3 Bathrooms
- 5 Garages
- 1 Lounges
- 1 Flatlet
Property Features
- Garden
| Bedrooms | 7 |
| Bathrooms | 3 |
| Garages | 5 |
| Erf Size | 496 m2 |
