R 1 599 000
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2 Bedroom House in Ilitha Park
2
1
4
316 m²
Income Generating Investment Property with 7 bachelor flats - Potential Rental Income of R22, 500pm
Situated on a -316 square meter plot, this excellent investment property offers a well maintained two bedroom home with a fully fitted kitchen, a bathroom, and an open plan lounge.
This property also features 7 bachelor flats at the rear, with approved building plan in place. The flats currently generate a combined rental income of approximately R17, 500 per month.
For investors seeking maximum returns, the 2 bedroom house can be rented out for an estimated R5000 per month, bringing the propertys potential total rental income to approximately R22, 500 per month.
A fantastic investment opportunity offering immediate rental income and strong potential growth.
Exclusively marketed by EXP Realty South Africa, contact me for private viewings.
Property details
- Listing number T5517199
- Property type House
- Listing date 10 Jun 2026
- Land size 316 m²
- Rates and taxes R 661
Property features
- Bedrooms 2
- Bathrooms 1
- Open parking 3
- Covered parking 1
- Storeys 1
- Pet friendly
- Fenced