• 3
  • 1
  • 387 m2

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Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.

Mun. Rates & Taxes: ZAR 256.31

Property description

**Investment Opportunity: 3-Bedroom House with 2 Cottages – Prime Location in Windmill Park**

This well-maintained 3-bedroom house presents an exciting investment opportunity with a strong return on investment (ROI) of **12.9%**, generating **R10,000 monthly income**. Perfect for investors looking to maximise rental returns, this property is ideally located in the heart of Windmill Park, offering convenient access to local amenities, schools, and transportation routes.

Property Features:

- **Main House**: The spacious 3-bedroom house includes:

  - 1 Bathroom

  - A comfortable Lounge area

  - A fully functional Kitchen for family living

- **Three Cottages**:  

  - **Cottage 1 & 2 **: An open-plan bachelor unit with a bathroom, offering private living space for tenants.

  - **Cottage 3**: A charming cottage without a bathroom, which could be easily upgraded or utilized as additional storage or workspace. 

Monthly Income and ROI:

This property boasts an impressive rental yield, generating **R10,000 in rental income per month**, equating to a highly attractive ROI of **12.9%**. With two additional income-generating cottages, this property is a solid investment opportunity in the current rental market.

Location Benefits:

Windmill Park is a sought-after area that blends suburban comfort with close proximity to essential services. The property enjoys convenient access to local schools, shopping centres, and key transportation routes, making it an ideal location for both tenants and future property value growth.

Education:

- **Faith Academy**: 0.36 km – Private School (Primary)

- **Thulasizwe Primary School**: 0.94 km – Public Primary School

- **Windmill Park Primary School**: 1.19 km – Public Primary School

- **Windmill Park Secondary School**: 1.44 km – Public Secondary School

- **Dawn Park Primary School**: 2.56 km – Public Primary School

- **Hoërskool Oosterlig**: 2.65 km – Public Secondary School

Shopping:

- **Windmill Park Centre**: 0.52 km – A convenient shopping destination for daily needs and services.

- **Sasol Shop**: 1.22 km & 1.24 km – Convenient fuel stations and shops nearby.

Additional Investment Potential:

This property is not just a great place to live but also a lucrative income-producing asset. The two cottages add significant rental value, and with the demand for rental units in this area on the rise, you can expect consistent occupancy rates. The location near schools and shopping centres enhances its appeal, ensuring steady demand from tenants.

Whether you're a seasoned investor or looking for your first property to add to your portfolio, this house and its cottages offer an excellent opportunity for sustained income and capital growth. Don't miss out on the chance to own this investment gem in Windmill Park!

Property Details

  • 3 Bedrooms
  • 1 Bathrooms
  • 1 Flatlet

Property Features

  • Fence
  • Kitchen
  • Paving