R 1 080 000
| 3 Bedroom House for Sale in Booysens
3
1
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Investment Property in Booysens Pretoria
Property Features:
Location: Close to shops, schools, and main routes—ideal for tenants looking for convenience.
House Condition: The house needs work, but it has a newly done tiled roof, seamless gutters, and aluminum window frames, which can save on future maintenance costs.
Size & Layout:
3 bedrooms
1 bathroom
Lounge
Kitchen
Single garage and carport
Outside room and toilets
Additional Structures: 9 Wendy houses, which could provide significant rental income.
Potential Rental Income:
Main House: With 3 bedrooms, 1 bathroom, and additional features, this could attract a decent rental income, especially with the house in a convenient location. Depending on the condition, rental prices in the area could be estimated.
Wendy Houses: With 9 Wendy houses, each could potentially bring in additional rental income. This will vary based on size, condition, and amenities, but if each one brings in approximately R1,500 to R2,000 per month, the total rental income could reach up to R15,500 per month.
Considerations:
Renovation Costs: Since the house needs work, it's important to factor in the cost of renovations to make the property more appealing to potential tenants. The roof and window upgrades are already in place, but the house itself might need cosmetic upgrades or additional improvements.
Zoning and Legalities: Check local zoning regulations to ensure that you can legally rent out the Wendy houses and possibly expand your rental options.
Investment Potential:
Given the location and the rental potential, this property could be a great investment with a decent return, especially once the house is renovated and the Wendy houses are fully occupied.
The potential for R15,500 per month in rental income is strong, but the condition of the main house and the management of the Wendy houses should be carefully considered to ensure maximum profitability.
Property Overview
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External Features
Building
Other Features
Contact AgentWeb Ref 115946114
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