- 11
- 1
- 345 m2
- 845.0 m2
Monthly Costs
Monthly Bond Repayment ZAR .
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Mun. Rates & Taxes: ZAR 1002.00
Property description
11-Bedroom Investment Property, Homelake
This freestanding house in Homelake, Randfontein, offers a well-established multi-tenant investment opportunity. The property has been converted to accommodate 11 individual rooms, each currently generating rental income from R1100 to R1600 per month. The original open-plan layout has been reimagined to maximise occupancy, with the garage also converted into two additional letting rooms. This configuration demonstrates strong income-generation potential for an investor seeking established cash flow.
The 345 square metre home sits on an 845 square metre erf with paved outdoor areas and a functional garden space. Three parking bays provide convenient access for residents and visitors. The property benefits from fibre connectivity and includes storage facilities. Outside toilet facilities serve the multi-tenant arrangement. Pets are permitted, and smoking is allowed on the premises, adding flexibility for tenant accommodation.
The property requires renovation and ongoing maintenance attention. The roof shows signs of wear with leaking areas, and gutters require repair or replacement. Despite these structural considerations, the established tenant base and suburban location present a solid foundation for an investor committed to property improvement and maintenance. The property's current configuration and income stream offer immediate returns while renovation upgrades could enhance long-term value.
Key Features
11 bedrooms, 1 bathroom
345 sqm house, 845 sqm erf
Three parking bays available
Fibre connectivity, storage included
Established multi-tenant income stream
Contact us today to arrange a viewing.
Property Details
- 11 Bedrooms
- 1 Bathrooms
Property Features
- Storage
- Pets Allowed
- Paving
- Garden
| Bedrooms | 11 |
| Bathrooms | 1 |
| Floor Area | 345 m2 |
| Erf Size | 845.0 m2 |
