House 2897-ref-2279 for Sale in Orange Grove, Johannesburg

AgencyRef: 2897-ref-2279 This well-positioned property offers a unique blend of comfortable family living and strong investment potential, making it an excellent opportunity for both homeowners and investors alike. The main house consists of three spacious bedrooms, providing ample accommodation for a growing family. Each room is designed to allow natural light to flow through, creating a warm and inviting atmosphere. The home also features two bathrooms, ensuring convenience and privacy for residents. Upon entering the property, you are welcomed into a practical and functional layout that balances everyday living with comfort. The living spaces are well-sized, allowing for easy furnishing and a relaxed lifestyle. The overall structure of the home is solid and offers the opportunity for modernization or personalization according to your taste. In addition to the main house, the property includes two separate one-bedroom cottages. Each cottage is fitted with its own shower, offering tenants privacy and independence. These units are ideal for generating rental income or accommodating extended family members. There is also a small additional room on the side of the property, which can be utilized as extra storage, a workspace, or even converted into another income-generating unit depending on your needs. One of the standout features of this property is its current and potential rental income. At present, the property generates approximately R14,000 per month, with the potential to increase up to R22,000 per month. This makes it a highly attractive option for investors looking to maximize returns while benefiting from multiple income streams on a single property. The location further enhances its appeal. Situated next to a police station, the property benefits from an added sense of security and peace of mind. It is also conveniently located not far from Houghton, a well-known and sought-after area, ensuring easy access to key amenities, main roads, and surrounding neighborhoods. The exterior of the property offers generous space, including ample parking that can comfortably accommodate up to six vehicles. This is particularly advantageous for a multi-tenant setup or for households with multiple cars. Overall, this property presents a rare opportunity to own a versatile space that caters to both residential living and investment growth. With its multiple dwellings, strong rental potential, convenient location, and ample parking, it is perfectly suited for those looking to secure a property that delivers both comfort and consistent income. Agency reference number: 2897-2279