3 Bedroom Duet in Lynnwood Ridge

Proudly presented to you by Exclusive Mandate!

Spacious Double-Storey Home with current Rental Income.

Located in a quiet cul-de-sac in sought-after, boomed Ridgefield Security Community, this spacious double-storey home offers an excellent opportunity for property investors, first-time buyers and purchasers looking to add value through refurbishment.

With an existing rental income of R18,500 per month, the property provides immediate rental income.

The home forms part of a unique development comprising two mirror-image, fully independent residences on a 1,225 m2 stand. Each home has its own separate municipal water connection and meter, as well as a separate Tshwane prepaid electricity connection.

The subdivision process had already reached an advanced stage but has not yet been completed. The seller remains responsible for the completion of all legal processes.

Generous Accommodation over Two Levels

The home offers approximately 273 m2 under roof, with spacious living areas and a practical family layout.

Ground Floor

Double automated garage

Spacious open-plan lounge and dining area

Kitchen with granite countertops

Gas and electric hobs

Double electric oven

Walk-in pantry

Separate scullery

Space for a washing machine, dishwasher, tumble dryer, fridge and freezer

GuestServants toilet

First Floor

Spacious family room or pajama lounge

Balcony

Additional space ideal for a study or home office

Main bedroom with ample built-in cupboards, en-suite bathroom and private balcony

Two additional bedrooms

Second full bathroom with a large shower

Outdoor Features

The north-facing home benefits from natural light and winter sunshine. Its private, pet-friendly garden measures approximately 510 m2, offering room for children, pets and relaxed outdoor living.

Situated in a peaceful cul-de-sac, the property enjoys a tranquil residential setting in this established boomed Pretoria East suburb.

An Opportunity to Add Value

The property would benefit from basic, normal refurbishment, allowing a purchaser to improve the home according to personal preferences or investment objectives.

The outstanding work includes:

Painting

Sealing the upper balcony and repairing or replacing loose tiles

Sealing and painting the retaining wall in the garden

Replacing loose or cracked floor tiles

Building plans and occupation certificates are in place.

Rental Income and Investment Potential

The property currently generates R18,500 per month, equivalent to R222,000 per annum.

At the asking price of R2,600,000, this represents an indicative gross rental yield of approximately 8.54 per annum, before expenses, maintenance, vacancies, insurance, rates and taxes.

The existing lease runs until January 2027. The tenant has indicated a willingness to extend the lease, subject to agreement with the owner.

The combination of existing rental income, generous accommodation and the opportunity to refurbish makes this an appealing proposition for a buyer seeking both rental returns and longer-term capital growth.

Property Features at a Glance

Asking price: R2,600,000

3 bedrooms

2 bathrooms

GuestServants toilet

Double automated garage

Approximately 273 m2 floor area

Approximately 510 m2 private garden

North-facing orientation

Granite kitchen countertops

Gas and electric cooking facilities

Separate municipal water connection and meter

Separate prepaid electricity connection

Approved building plans and occupation certificate

Existing rental income

Quiet cul-de-sac location

Scope to refurbish and add value

A compelling opportunity to secure a spacious Lynnwood Ridge property at an attractive entry price, with rental income from day one and the potential to unlock further value through refurbishment.

To arrange a private viewing, contact Jaen.

JUST IMAGINE.....

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Words and phrases have strong meanings. The word JUST would refer to being treated Fair and with Respect.''

The word IMAGINE stems from the Latin word that would refer to Image or Picture.

PROPERTY has its origin in the Latin word Proprietatem which means Enjoyment and the Right of Possession.

In conclusion, DREAMING originates from the words Joy, Vision and Goal.

We manage to turn Vision, Goals, and Joy into the Enjoyment and Possession of Real Estate.

To really Turn Your Dreams into Realty a Team consisting of highly skilled Professionals were selected as Property Professionals. A Team with not only Qualifications and Experience in Real Estate but also in other Professions such as Engineering, Social Sciences and Accounting.