4 Bedroom House For Sale in Protea Park, RST-RS01854

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4 BEDROOM HOUSE FOR SALE IN PROTEA PARK

This freehold property in Protea Park offers a combination of a spacious main house and multiple rental units, making it an attractive investment opportunity. Here are the key features and benefits of this property: Main House Features • Bedrooms: 4 bedrooms providing ample space for a family. • Living Areas: • Big TV Room: A large space for entertainment and relaxation. • Dining Area: Spacious enough for family meals and gatherings. • Bathrooms: 2 bathrooms equipped for convenience. • Kitchen: • Family Gathering Kitchen: Vintage look with a cozy, welcoming atmosphere. • Scullery and Pantry: Extra space for storage and kitchen tasks. • Entertainment: • Two Lapas: Outdoor covered areas for social gatherings and relaxation. • Entertainment Area: Ideal for hosting friends and family. Additional Rental Units • Flatlets: • 3 separate flatlets, each featuring: • 2 bedrooms • A kitchen • A bathroom • Potential for a Bachelor Flat: An additional unit that can be rented out. Income Potential • Monthly Income: Approximately ZAR 20,000 from renting out the flatlets and potentially the bachelor flat. Utility Features • Stoves: 3 out of 4 stoves are gas, reducing electricity costs. • Water Supply: • Borehole: Ensures a reliable water source. • Irrigation System: Maintains the garden efficiently. • Pressure Pump and 2000L JoJo Tank: Provides water storage and pressure regulation. • Geysers: 4 geysers ensuring hot water availability. • Electricity: 2 prepaid meters for easier management of electricity usage. Parking • Covered Parking: 7+ spaces, protecting vehicles from the elements. • Open Parking: 5+ additional spaces for guests or tenants. Investment Benefits • Diversified Income: Rental income from multiple units reduces risk. • Self-Sufficiency: Water supply systems reduce dependency on municipal water. • High Demand: The variety of units caters to different tenant needs, from families to singles. • Attractive Features: Entertainment areas and vintage kitchen appeal to potential tenants. Summary This property in Protea Park is a versatile investment offering a comfortable main house for an owner-occupier or primary tenant and several rental units generating steady income. The combination of ample living space, practical utility features, and attractive entertainment options makes it a desirable property for both investors and residents. The expected monthly income of around ZAR 20,000 adds to its appeal, promising good returns on investment.