5 Bedroom House in Turffontein

Insolvent Deceased Estate Investors Opportunity in Turffontein

This insolvent deceased estate presents a renovators opportunity in Turffontein, located in the southern part of Johannesburg within Region F of the City of Johannesburg Metropolitan Municipality. The suburb borders Kenilworth and Forest Hill, and offers a mix of freehold and sectional title residential properties. The property is conveniently situated close to shopping centres, schools, and other essential amenities.

The 495m² facebrick property consists of a main house that has been converted into five rental rooms, supported by a kitchen and a full bathroom. At the rear of the property are three additional rooms with a shared toilet and shower. Additional improvements include a covered carport, a built-in braai, a thatched lapa, and a swimming pool which has been filled with rubble. The rooms are currently being rented out, offering income-generating potential.

The property has been neglected and requires maintenance and renovation. Plastering and painting are needed, and there are visible signs of damp in certain areas. The thatched lapa is in poor condition, and the swimming pool has been filled with rubble. During the site inspection, most of the rooms, including the backyard rooms, were locked and access was limited to one room only therefore, the overall internal condition of the property could not be fully confirmed.