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Kensington, Kensington, Johannesburg, Gauteng
R 2 500 000
Rezoned property from residential 1 to residential 3 allowing for student accommodation , boarding house , guest house etc. This double storey property consists of 3 stands measuring 1162 m2 and the house measuring approximately 350 m2 . It is located next to Jeppe boys school , therefore ideal for student accommodation . Potential monthly rental income would be around R 60 000.00 The house consists of an entrance hall , 2 huge downstairs lounges (could be converted into 4 rooms ) , a dining room , storage room , large fitted kitchen and a full bathroom . The lovely wooden staircase leads onto the spacious lobby area leading to a full bathroom , 2 huge bedrooms each with 2 entrance doors ( could be converted into 4 separate rooms ) , plus 3 additional rooms and a lovely balcony with beautiful views . All the rooms in the main house total 11 rooms . There is also a flatlet consisting of a huge bedroom ( which can be converted into 2 rooms ) plus a 3rd room , a kitchen and a bathroom . There are an additional 3 outside rooms and a shower and toilet . In total 17 rooms on the property . There is also a swimming pool and a lovely garden . This is an excellent investment providing for a great monthly rental income , priced correctly for a quick sale. To avoid losing out on this great purchase book a viewing today . DORICEL (PTY) LTD trading as RE/MAX Superior (Mulbarton) operates in terms of a franchise agreement with RE/MAX of Southern Africa.
Estimated monthly repayment
R 23 608
on a R 2 250 000 bond over 20 years at 11.25%
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Kensington, Kensington, Johannesburg, Gauteng
Liivra AI market value
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Fair-value check
Priced highPriced 100% above comparable 2-bed houses for sale in Kensington
Based on 28 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Elmarie Fourie
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