6 Bedroom House For Sale in Midrand

Property description

6-Bedroom Property | 239 m² Stand | Renovation Required | Investment Potential | Cash Buyers Only

Are you an investor looking for your next property development opportunity? Situated in a safe and established neighbourhood in Ivory Park, this fixer-upper offers an opportunity to acquire a property with potential for renovation, improvement and possible redevelopment into income-generating rental accommodation.

The property currently consists of a 6-bedroom house on a 239 m² stand. The existing structure requires renovation, making it suitable for buyers looking to refurbish the property or explore alternative development options.

With the right development plan, the property may present an opportunity to create additional rental accommodation, potentially accommodating approximately 30 rooms, subject to zoning, municipal approvals, building regulations, structural feasibility and an assessment of the available space.

Conveniently located approximately one minute from Ivory Park Police Station and close to schools and other local amenities, the property offers a practical location for investors considering the rental market.

Property Features

Property type: Fixer-upper investment property

Location: Ivory Park, in an established neighbourhood

Existing accommodation: 6-bedroom house

Stand size: 239 m²

Condition: Renovation and refurbishment required

Development potential: Opportunity to explore redevelopment into rental accommodation

Potential room capacity: Approximately 30 rooms, subject to feasibility and all required approvals

Rates and taxes: Approximately R1,008

Nearby amenities: Approximately one minute from Ivory Park Police Station and close to schools and local amenities

Sale terms: Cash buyers only

An Opportunity for Investors

This property may appeal to investors, developers and buyers looking for a renovation project with potential to explore alternative rental accommodation options. Whether you are considering restoring the existing six-bedroom house or investigating a larger redevelopment project, this property offers an opportunity to assess different investment strategies.

Please note: The property requires renovation, and the potential development of approximately 30 rooms is a concept rather than an approved development. Buyers should independently verify the property's condition, zoning, permitted density, building requirements and development feasibility with the relevant authorities.

Interested in this investment opportunity?

Contact us today to arrange a viewing or request further information about this Ivory Park property.