6 Bedroom House for sale in New Park

A Rare Investment Opportunity with Endless Possibilities Every now and then, a property comes onto the market that offers so much more than what first meets the eye. Situated on a spacious corner erf and conveniently located just moments from the university, this unique property presents an opportunity to create something truly special. As you enter the property, you are welcomed by the main residence, offering three comfortable bedrooms and two bathrooms – a home filled with warmth and practicality. Beyond this, a second building currently operates as a crèche and features two bathrooms, a kitchen, and generous open spaces that could easily be reimagined into additional accommodation or living areas. The property already benefits from three existing flats, creating immediate accommodation possibilities, while two additional buildings offer exciting potential for further development. With ample open space still available on the erf, the opportunities are endless for an investor, developer, or visionary buyer looking to maximise the property's full potential. Adding even more value, the property is currently generating an estimated monthly rental income of approximately **R50,000**, providing an immediate return on investment from day one. With the existing infrastructure already in place and further development opportunities available, there is significant potential to increase this rental income substantially in the future. Whether your dream is to establish student accommodation, expand an existing rental portfolio, or create a thriving multi-unit residential development, this property provides the foundation to bring that vision to life. Properties offering this combination of existing infrastructure, proven income generation, development potential, and proximity to the university are seldom available. This is more than just a property—it is an opportunity to invest in the future.