R 1 200 000 | 3 bed property for sale in elsburg

Property Description

This property presents a fantastic opportunity for those looking to invest or take on a renovation project. It offers both residential and income-generating potential, with plenty of space to customize and enhance its value - The main house features three well-sized bedrooms, perfect for family living. There is one shared bathroom, which would benefit from upgrades to modernize the space. The living areas include 2 lounges, providing ample room for relaxation or entertaining, and a separate dining room adjacent to the kitchen. The kitchen is equipped with built-in cupboards, offering convenient storage and functionality. Additionally, the house includes a single garage.. At the back of the property, a separate entrance leads to the tenant accommodation. This area includes 4 rooms that share a single bathroom, making it suitable for rental purposes. The tenant rooms currently generate a combined monthly income of R5,000, adding a valuable income stream to the property. While the property requires significant renovations, it offers enormous potential. With the right upgrades, the main house can be transformed into a comfortable family home, while the tenant area can continue to provide a steady rental income. This is an ideal property for investors or those seeking a project to turn into their dream home.


Property Details

Purchase Price R 1 200 000

Type of PropertyHouse

Monthly Rates700

Pets AllowedYes

Land Size495 m2

Last Updated23 Apr 2025

Rooms

Flatlet1

Kitchen1

Bedrooms3

Bathrooms1

Reception Rooms

Lounges2

Dining Room1

External Features

Garages1.5

Property Location

Similar Property in nearby suburbs

Agent

Paula Lubisi

Share        

Add Email Alert
To receive emails for similar properties in Elsburg!


Close