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Kensington, Kensington, Johannesburg, Gauteng
R 1 550 000
*High-Yield Investment Opportunity: 11-Bedroom House* Located in a prime area, this 11-bedroom house is a goldmine for investors. Currently generating R33,000/month, but with some TLC (renovation), this property's earning potential shoots up! *Key Details:* - *Bedrooms:* 11 - *Current Income:* R33,000/month - *Potential:* Increase rental income with renovations, targeting high-demand tenants (students, corporates, or families) - *Ideal for:* Rental income, Airbnb, or even a hostel/business venture *Upside Potential:* - Renovate to boost monthly income to R50,000+ (depending on upgrades and market) - Perfect for splitting into multiple rentals or using for event hosting, co-living, etc. - Property value likely to appreciate with area growth *Investor Focus:* - Great ROI (return on investment) - Potential for creative uses (like co-working spaces, etc.)
Estimated monthly repayment
R 14 637
on a R 1 395 000 bond over 20 years at 11.25%
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Kensington, Kensington, Johannesburg, Gauteng
Approximate location — the pin is centred on the suburb. The landlord will share the exact address on enquiry.
Listed by
Hendrik Coetzee
Unclaimed listing — claim it to verify
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