12 Bedroom House For Sale in Turffontein, Johannesburg

Property description

Location:Situated in the vibrant neighborhood of Turffontein, this free-standing house is strategically positioned close to major transport routes, providing convenient access to public transportation.
Structure:A spacious and well-maintained two-story house featuring 12 standalone rooms, each with its own private facilities, ensuring comfort and privacy for tenants.
Income-Generating Features:
Current Rental Income:The property is currently generating a monthly income of 16,500 South African Rand. This income is derived from leasing out the 12 rooms to tenants, whether on a short-term or long-term basis.
Transport Accessibility:The proximity to transport routes enhances the property's appeal, making it attractive to tenants who rely on public transportation for their daily commute. This can contribute to a high occupancy rate.
Room Configuration:With each room equipped for independent living, tenants have the flexibility to rent on both short-term and long-term bases, providing versatility in the rental strategy.
Market Demand:The demand for affordable housing in Turffontein, coupled with the accessibility to transportation, positions the property well for consistent tenant interest.
Financial Considerations:
Bond Repayment:The current monthly rental income of 16,500 Rands is not only covering the bond repayment but also leaving surplus funds. This surplus can be allocated towards property maintenance, improvements, or saved for future investments.
Profit Potential:As the neighborhood continues to develop, there is potential for property appreciation, increasing its overall value and potentially allowing for rental rate adjustments in the future.
Location Advantages:
Transport Hubs:Proximity to transport routes ensures that tenants have easy access to buses, trains, or other modes of public transportation, making the property appealing to a broad range of potential tenants.
Local Amenities:The property is located near essential amenities such as schools, shopping centers, and recreational areas, further enhancing its attractiveness to tenants.
Future Opportunities:
Maintenance and Improvements:Allocate a portion of the surplus income towards regular maintenance and potential property improvements to increase its market value and tenant satisfaction.
Expansion Potential:If space permits, consider future expansion or improvement projects to add value to the property and potentially increase rental income.
This 12-room free-standing house in Turffontein not only covers its bond repayment but also generates surplus income, making it a promising investment. Monitoring market trends and adjusting rental strategies can further optimize the property's financial performance over time.