3 Bedroom House in Eldoraigne

R 1 500 000

Salman Amla

Keller Williams-Centurion

3 Bedroom House in Eldoraigne

R 1 500 000

Can I afford this?
3 Beds
2 Baths
2 Garages
Land Area 1850 m²
Rates R 1000

This is an excellent investment Property with a main house of 3 Bed 2 bath, 2 Living rooms/Lounges, with an additional room as well as maid''s room.

Whats in it for the Smart Investor?

1) The plot is +- 1900 m2, The land is flat, ready for building!

2) Very close to the schools

3) Eldoraigne is growing area in terms of property value

4) In my opinion, this is what a potential Investor can do (subject to municiple plan approval):

i) Build a 240 m2 outer building as a second dwelling

ii) Build it to let out, spending max of R 4000/m2 (Smart Investors know that it is possible!)

iii) Divide the 240m2 into 4 2bed 1bath unit and rent it out for atleast R 6000 each!

Potential Monthly Rental Income:

1) R 10000 from main house

2) Plus R 24000 from outer building

3) Minus Rates of about +- R 1000

4) Minus Rental Management Company cost of +- R 4000

5) Minus Provision for Repairs and Maintenance of +- R 4000

Net Rental Income per month of +- R 25000.

That is 12% p.a ROI in terms of Rental Income on a net Investment of R 2.5mil.

PLUS it is in an area where the property prices are going up!

Good Part is that one can do the futher building as and when it possible for him/her.

Call me today to view this property!

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Key Property Features

3
Bedrooms
2
Bathrooms
2
Garages

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Salman Amla

Salman

Amla

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Experience Centurion West

With many estates dotted around the area, the gated village lifestyle is a popular choice. A sense of community and family abounds, and everyone seems to know each other at the local hang-outs. Situated near the N1 highway between Johannesburg and Pretoria, Centurion West offers a country living ambience not far from the big cities. Sparkling lakes and rolling hills make this area a golfer’s paradise. It’s a great outdoorsy way of life, with all the comforts of a city life.

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3 Bedroom House in Eldoraigne

R 1 500 000

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