2 Bedroom House in Victoria Park

Neat little house | Ready for new owners

Where else in Somerset West can you buy an entire freehold home for under R1.5 million

Set in family-friendly Victoria Park, this home offers green-belt parks, active neighbourhood patrols, a private garden for pets, and easy access to schools, shops, Somerset Mall and Strand beachfront. An outdoor shed and garage add valuable storage or potential for conversion into an income-generating flat - as several homeowners in the area have already successfully done.

Because it is freehold, you have the freedom to renovate, add bedrooms, expand the home or even explore building a second storey. There are no body corporate restrictions and, importantly, no levies.

For investors, the numbers are equally attractive, but homeowners can move in

Potential rental income year end cycle: R12,500 p.m.

Gross rental yield: 8.2

Net yield after rates: 7.7

Historical area growth: 5.3 p.a.

Combined rental return and growth: 13 p.a.

Some upgraded homes in the area have already sold for more than R1.75 million, highlighting the potential available through renovation and expansion.

Henk specialises in fast, focused and investment-driven property deals.