R1 200 000 | 5 Bedroom House For Sale in Orange Grove, East London

his 3.5-bedroom property in Orange Groove offers a fantastic opportunity for families and investors alike. With a strong potential for rental income and space for future development, this property is a gem.

Key Features:

- 3.5 bedrooms (potential for more income-generating units)
- Current rental income: R18,500 per month (broken down as follows):
- 3 bedrooms: R11,500
- 1 bedroom: R4,000
- Bachelor unit: R3,000
- Prepaid electricity for efficient energy management
- Lock-up garage with potential for conversion into an additional bachelor unit for R3,500 extra rental income

What Buyers Say:

"This property offers the perfect blend of family living and investment potential. The rental income is fantastic!" - Potential Investor

"The location is ideal, close to schools and amenities. We can't wait to make this house our home!" - Family Buyer

Investment Potential:

- Current yield: approximately 10-12% (based on R18,500 monthly rental income)
- Potential increased yield with garage conversion: additional R3,500 monthly rental income

Ideal for:

- Families seeking a spacious home with income-generating potential
- Investors looking for a high-yielding property in Johannesburg
- Developers interested in expanding the property for increased returns

Location Benefits:

- Orange Groove's central location offers easy access to major roads, public transport, and amenities
- Close proximity to schools, shopping centers, and recreational areas

Contact Us:

Don't miss this exceptional opportunity! Contact us today to schedule a viewing and explore the potential of this fantastic property.