R 4 360 000
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5 Bedroom House in Waverley

5 2.5 2 3 718 m²

Prime 5-Bedroom Fixer-Upper with Subdivision Opportunity in Waverley

Endless Potential on 3 718m2 in a Premier Location

Set in the heart of Waverley, this expansive 5-bedroom property offers a rare opportunity for renovators, developers, and families alike. Situated on a sprawling 3 718m2 erf, the home boasts a partially completed subdivisionoffering flexible options for the savvy buyer.

Choose to restore the existing Mid-century home to its former glory, complete the subdivision and unlock development potential, or clear the site and create a bold new vision from the ground up.

The main house offers generous proportions throughout, including five spacious bedrooms, multiple reception areas, and a substantial kitchen with a scullery and breakfast nook.

North-facing bedrooms and a large patio ensure a sunny, welcoming ambience. There''s also a double lock-up garage, ample off-street parking, and a suite of outbuildingsideal for staff accommodation, storage, or additional utility. This outbuilding could be converted to a second Home or Cottage.

The garden, with its towering, mature trees and once-proud pool shell, offers a charming backdrop for a landscaped masterpiece or a high-end redevelopment.

Whether youre a developer looking for a prime piece of land in an established suburb or a large family dreaming of a project home in a top location, this versatile property delivers exceptional value and countless possibilities.

Property Features

Bedrooms:

5 Bedrooms in total

Main bedroom en suite with ample cupboard space

4 North-facing bedrooms

Bathrooms:

2.5 Bathrooms

Guest cloakroom

Living Areas:

Large lounge opening to patio

Separate family room with fireplace

Formal dining room

Study

Kitchen:

Spacious kitchen with breakfast nook

Separate scullery/laundry

Outbuildings & Extras:

4 Staff rooms with bathroom and veranda

Storeroom

Double lock-up garage

Long driveway with ample off-street parking

Derelict pool (structure in place for potential restoration)

Development Potential:

Subdivision plans on record (not yet passed by council)

Regulation 38 not yet in place

Buyer to pay outstanding costs related to subdivision

Seller is registered for VAT

Stand Size: 3 718m2

Rates & Taxes: R3,000 per month

Asking Price: R4,560,000

Property details

  • Listing number T4589767
  • Property type House
  • Listing date 9 Apr 2024
  • Land size 3 718 m²
  • Rates and taxes R 3 000

Property features

  • Bedrooms 5
  • Bathrooms 2.5
  • Lounges 3
  • Dining areas 2
  • Garage parking 2
  • Flatlets
  • Pool
  • Security post
  • Study

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