3 Bedroom Townhouse For Sale in Pretoria

Property description

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Spacious Double-Storey Home with current Rental Income.

Located in a quiet cul-de-sac in sought-after, boomed Ridgefield Security Community, this spacious double-storey home offers an excellent opportunity for property investors, first-time buyers and purchasers looking to add value through refurbishment.

With an existing rental income of R18,500 per month, the property provides immediate rental income.

The home forms part of a unique development comprising two mirror-image, fully independent residences on a 1,225 m² stand. Each home has its own separate municipal water connection and meter, as well as a separate Tshwane prepaid electricity connection.

The subdivision process had already reached an advanced stage but has not yet been completed. The seller remains responsible for the completion of all legal processes.

Generous Accommodation over Two Levels
The home offers approximately 273 m² under roof, with spacious living areas and a practical family layout.

Ground Floor
• Double automated garage
• Spacious open-plan lounge and dining area
• Kitchen with granite countertops
• Gas and electric hobs
• Double electric oven
• Walk-in pantry
• Separate scullery
• Space for a washing machine, dishwasher, tumble dryer, fridge and freezer
• Guest/Servant’s toilet

First Floor
• Spacious family room or pajama lounge
• Balcony
• Additional space ideal for a study or home office
• Main bedroom with ample built-in cupboards, en-suite bathroom and private balcony
• Two additional bedrooms
• Second full bathroom with a large shower

Outdoor Features
The north-facing home benefits from natural light and winter sunshine. Its private, pet-friendly garden measures approximately 510 m², offering room for children, pets and relaxed outdoor living.
Situated in a peaceful cul-de-sac, the property enjoys a tranquil residential setting in this established boomed Pretoria East suburb.

An Opportunity to Add Value
The property would benefit from basic, normal refurbishment, allowing a purchaser to improve the home according to personal preferences or investment objectives.

The outstanding work includes:
• Painting
• Sealing the upper balcony and repairing or replacing loose tiles
• Sealing and painting the retaining wall in the garden
• Replacing loose or cracked floor tiles

Building plans and occupation certificates are in place.

Rental Income and Investment Potential
The property currently generates R18,500 per month, equivalent to R222,000 per annum.

At the asking price of R2,600,000, this represents an indicative gross rental yield of approximately 8.54% per annum, before expenses, maintenance, vacancies, insurance, rates and taxes.

The existing lease runs until January 2027. The tenant has indicated a willingness to extend the lease, subject to agreement with the owner.

The combination of existing rental income, generous accommodation and the opportunity to refurbish makes this an appealing proposition for a buyer seeking both rental returns and longer-term capital growth.

Property Features at a Glance
• Asking price: R2,600,000
• 3 bedrooms
• 2 bathrooms
• Guest/Servant’s toilet
• Double automated garage
• Approximately 273 m² floor area
• Approximately 510 m² private garden
• North-facing orientation
• Granite kitchen countertops
• Gas and electric cooking facilities
• Separate municipal water connection and meter
• Separate prepaid electricity connection
• Approved building plans and occupation certificate
• Existing rental income
• Quiet cul-de-sac location
• Scope to refurbish and add value

A compelling opportunity to secure a spacious Lynnwood Ridge property at an attractive entry price, with rental income from day one and the potential to unlock further value through refurbishment.

To arrange a private viewing, contact Jaen.

JUST IMAGINE…..
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Words and phrases have strong meanings. The word JUST would refer to being "treated Fair" and "with Respect.'
The word IMAGINE stems from the Latin word that would refer to "Image" or "Picture."
PROPERTY has its origin in the Latin word "Proprietatem" which means "Enjoyment" and the "Right of Possession."

In conclusion, DREAMING originates from the words "Joy", "Vision" and "Goal."
We manage to turn Vision, Goals, and Joy into the Enjoyment and Possession of Real Estate.

To really "Turn Your Dreams into Realty" a Team consisting of highly skilled Professionals were selected as Property Professionals. A Team with not only Qualifications and Experience in Real Estate but also in other Professions such as Engineering, Social Sciences and Accounting.