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R1,795,000 | 7 Bedroom House For Sale in Mount Vernon

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R1,795,000

Monthly Bond Repayment R18,527.78
Calculated over 20 years at 11.0% with no deposit. Change Assumptions

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Monthly Rates
R1,440

The property offers Exceptional Investment Opportunity with High Returns Potential

This unique property presents a rare and profitable investment opportunity, featuring four separate living units. Three units are currently generating rental income, while the fourth is owner-occupied.

The property includes:

7 generously sized bedrooms
4 spacious lounges/dining areas
4 bathrooms
4 fully equipped kitchens

Currently producing a solid rental income of R14 000 per month, this property offers both immediate returns and significant potential for further enhancement. Some renovations are required, particularly regarding the roof, but the scope for expansion and modernization is immense.

Nestled on a large 1,078m² plot, the property provides abundant parking for up to 15 vehicles, ensuring maximum convenience for residents and tenants alike.

Spacious entertainment area located at the rear of the property, perfect for hosting gatherings and outdoor enjoyment.

A prime investment opportunity, this property is ideal for savvy investors looking to maximize rental income while securing long-term capital appreciation.

Features

7
4
Pets Allowed
Yes
Interior
Bedrooms
7
Bathrooms
4
Kitchen
4
Reception Rooms
8
Furnished
No
Exterior
Security
No
Parkings
15
Pool
No
Scenery/Views
Yes
Sizes
Floor Size
288m²
Land Size
1,078m²
STREET MAP
STREET VIEW
-29.8946563, 30.9388678
Premi Pillay
Premi Pillay
Candidate Property Practitioner Registered with PPRA
(FFC 20237151117)
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