7 Bedroom House For Sale in Randburg

Property description

Whether you're an investor looking for your next income-generating property or a family in search of a home with character, space and versatility, this unique Dutch-style property presents an exciting opportunity.

Situated in a quiet, sought-after neighbourhood in Johannesburg North, Randburg, this distinctive home combines traditional thatch-roof architecture with a versatile layout and excellent investment potential.

The traditional thatch roof offers natural insulation, helping keep the home cool during summer and warm during winter. With seven bedrooms, five bathrooms, separate staff accommodation, multiple access points and an operational swimming pool, the property lends itself to several possibilities, including multi-let accommodation, co-living, guest house conversion or comfortable multi-generational family living.

PROPERTY FEATURES

Bedrooms & Bathrooms

- 7 bedrooms
- 5 bathrooms
- Upstairs master bedroom with en-suite bathroom and a walk-in closet
- 3 additional upstairs bedrooms
- Dedicated upstairs office/study area
- Upstairs guest toilet
- 3 downstairs bedrooms, including an en-suite
- Additional full shared bathroom
- Separate outside helper's quarters with private bathroom

Living & Entertainment

- Open-plan lounge with a fireplace
- Kitchen
- Dedicated work-from-home or study space
- Traditional thatched roof
- Operational swimming pool
- Large yard with established greenery

Parking & Infrastructure

- Double lock-up garage
- Potential to convert the garage into a self-contained one-bedroom cottage for additional rental income
- Covered parking for up to 4 vehicles
- Additional open parking
- Dual gated entrances offering independent access
- 2 geysers to accommodate higher hot-water demand
- Large erf with plenty of outdoor space

INVESTMENT & INCOME POTENTIAL

One of the most attractive aspects of this property is its potential to generate multiple income streams.

1. Multi-Let, Co-Living Investment

The property's bedroom configuration and separate accommodation create an opportunity to operate it as a room-rental or co-living establishment.

Illustrative monthly rental projections:

Accommodation| Estimated monthly rental
Upstairs master en-suite| R6,500
Upstairs bedroom 2| R5,500
Upstairs bedroom 3| R5,500
Downstairs en-suite 4| R5,000
Downstairs bedroom 5| R4,500
Downstairs bedroom 6| R4,500
Outside accommodation| R3,500
Total| R35,000

Projected gross annual rental income: R420,000.

At the asking price of R2.6 million, this represents an indicative gross rental yield of approximately 16.15% per cent per annum.

These figures are illustrative estimates, subject to achievable rental rates, occupancy, operating costs and the final accommodation configuration.

2. Guest House or B&B Opportunity

With seven bedrooms, multiple bathrooms, dual gated access, ample parking and an operational swimming pool, the property also offers potential for conversion into a guest house or bed-and-breakfast establishment.

Indicative projected monthly revenue of R39,000 to R48,000 at approximately 50% per cent occupancy, subject to market demand, room rates, operating costs and applicable zoning and licensing requirements.

3. Multi-Generational Family Living with Rental Income

Looking for a home where extended family can live comfortably while maintaining some independence?

The separate accommodation, multiple bedrooms and versatile layout make this an attractive option. Alternatively, occupy the main residence and explore renting out the separate accommodation to generate additional monthly income.

AN OPPORTUNITY WORTH EXPLORING

Properties offering this combination of accommodation, outdoor space, traditional character and potential income streams are worth a closer look.

Whether your vision is a large family home, a co-living investment or a hospitality venture, this property offers several possibilities to explore.

Asking Price: R2,600,000

Contact Oby today to arrange an exclusive private viewing!