- 3
- 2
- 2
- 547 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
Affordability Calculator | Bond Costs Calculator | Bond Repayment Calculator | Apply for a BondBond Calculator
Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.
Mun. Rates & Taxes: ZAR 1250.00
Property description
This versatile Holmes Road property presents a fantastic blank canvas for savvy investors or homeowners looking to create value. The main house, currently in need of some TLC, offers enormous potential to be transformed into a stunning family home or high-yielding rental asset. The current owners are even open to undertaking restorations, subject to an acceptable offer.
In its present condition, the property already generates a solid monthly rental income of R18,000, broken down as follows:
Main House: R10,000
Granny Flat 1: R3,500
Granny Flat 2: R4,500
With some upgrades and modernisation, there is clear scope to significantly increase both the property’s value and rental returns.
The main residence features three spacious bedrooms, two family bathrooms, a bright and airy kitchen, and generous living areas ideal for comfortable family living or entertaining.
Granny Flat 1 offers a practical 1-bedroom layout with a compact living space/kitchenette and a bathroom.
Granny Flat 2 provides a similar layout but with noticeably more space, making it ideal for tenants seeking extra comfort.
Additional features include a double garage (with conversion potential), ample off-street parking, and a highly convenient location.
Whether you're an investor seeking strong cash flow or a buyer wanting to unlock the full potential of a multi-unit property, this Holmes Road opportunity offers endless possibilities.
Property Details
- 3 Bedrooms
- 2 Bathrooms
- 2 Garages
- 1 Lounges
- 1 Dining Area
Property Features
- Patio
- Staff Quarters
- Wheelchair Friendly
- Pets Allowed
- Fence
- Access Gate
- Kitchen
- Entrance Hall
- Paving
- Family TV Room
| Bedrooms | 3 |
| Bathrooms | 2 |
| Garages | 2 |
| Floor Area | 547 m2 |
Contact the Agent
Zimone Strydom
Candidate Property Practitioner
