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6 Bedroom House For Sale in Cosmo City

R1 380 000

Bedroom icon 6 5 276m2 285m2
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6 Bedroom House For Sale in Cosmo City

Calling All Cash Buyers - Excellent Investment Opportunity!

Bedroom icon 6 5 276m2 285m2

6 Bedroom House For Sale in Cosmo City

Calling All Cash Buyers - Excellent Investment Opportunity!

R1 380 000

Monthly Bond Payment: R

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Bond calculator

  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR
5 Bedroom icon 6 285m2

Features

  • Parking 6
  • Ensuite 5
  • Lounge 5
  • Flatlets 1
  • Access Gate
  • Burglar Bars
  • Security Gate
  • Kitchen
  • Garden

Description

Located in a peaceful crescent in the heart of Cosmo City, this property presents a lucrative opportunity for savvy investors.

The original structure features a 2-bedroom home with a bathroom, kitchen, and lounge adorned with tiles and fitted kitchen cupboards. Additionally, there's an income-generating structure comprising 2 cottages on the ground floor and 2 on the top floor. These units currently generate an average income of R3200.00, with the potential for an increase if kitchenettes and wardrobes are added for tenants.

The primary dwelling has the potential to fetch between R5500 and R6000 in rent, offering a solid return on investment considering the entire property. Plans are in place to confirm approval of the development.

However, there are minimal touch-ups required to align with the approved plans which will allow funding for these improvements to be easily secured through a bank loan, as a single dwelling structure required by the munipality.

Don't miss out on this opportunity to expand your investment portfolio in a promising location.

Contact us today to arrange a private viewing and secure this lucrative investment!
 

Monthly Costs

Calculated over 20 years at % with no deposit.

Bond Payments R
Mun. Rates & Taxes ZAR 800

Property Details

Web Ref RXEH-8440
Property Type House
Building Size 276m2
Erf Size 285m2
Bedrooms 6
Bathrooms 5

Contact Agent

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Teacher Matakala

Candidate Property Practitioner

RE/MAX Direct (Allen's Nek)

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Enquiry about property Ref:RXEH-8440

R1 380 000

Monthly Bond Payment: R

currency bond calculator
  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR

Contact Agent

Agent profile picture

Teacher Matakala

Candidate Property Practitioner

RE/MAX Direct (Allen's Nek)

MessageCall me back Whatsapp
Book a viewing

Contact Teacher Matakala

Agent profile picture

Teacher Matakala

Candidate Property Practitioner


RE/MAX Direct (Allen's Nek)

Show number

Show number

Enquiry about property Ref:RXEH-8440