Investment Opportunity: Prime Multi-Unit Residential Asset
This 10-bedroom residential property represents:
• A premier investment opportunity
• Meticulously designed to function as a high-yield multifamily asset with 14% gross yield
• Strategically located in a sought-after residential neighbourhood, the property is configured into multiple self-contained flatlets.
• Each unit features its own private entrance, ensuring the autonomy and privacy that modern tenants demand.
• Distinct utility metering and independent access points
• Minimizes management friction while maximizing rental income potential through diversified occupancy.
Unlike single-family homes, which rely on a single tenant or owner-occupant, this 10-bedroom configuration allows an investor to capitalize on the growing demand for flexible, affordable urban housing. Achieve a higher gross rent multiplier compared to a traditional single-family rental. Furthermore, the inclusion of separate entrances and utility metering is a critical feature that appeals to modern renters, significantly enhancing the asset's long-term marketability and capital appreciation potential.
Disclaimer: Some photographs have been digitally enhanced, including twilight effects or decluttering, for marketing purposes. No structural changes to the property have been made.
• A premier investment opportunity
• Meticulously designed to function as a high-yield multifamily asset with 14% gross yield
• Strategically located in a sought-after residential neighbourhood, the property is configured into multiple self-contained flatlets.
• Each unit features its own private entrance, ensuring the autonomy and privacy that modern tenants demand.
• Distinct utility metering and independent access points
• Minimizes management friction while maximizing rental income potential through diversified occupancy.
Unlike single-family homes, which rely on a single tenant or owner-occupant, this 10-bedroom configuration allows an investor to capitalize on the growing demand for flexible, affordable urban housing. Achieve a higher gross rent multiplier compared to a traditional single-family rental. Furthermore, the inclusion of separate entrances and utility metering is a critical feature that appeals to modern renters, significantly enhancing the asset's long-term marketability and capital appreciation potential.
Disclaimer: Some photographs have been digitally enhanced, including twilight effects or decluttering, for marketing purposes. No structural changes to the property have been made.
Monthly Levy
R1
Monthly Rates
R403.39
Total
R404.39
Features
Interior
Exterior
Sizes
Additional Amenities
Listing Info
Croydon, Somerset West
- Street map
- Street view
- Amenities
- Schools
Filling Station
0.67 km - Engen
0.99 km - Engen False Bay 1 Stop
1.24 km - False Bay One Stop
Bus Station
0.29 km - Bus Stop
2.31 km - Bus Stop
2.76 km - Bus Stop
Hospital/Clinic
3.12 km - Macassar Clinic
3.82 km - Rustenburg Addiction Care
Police Station
2.57 km - South African Police Service Macassar Police Station
Shopping Centre
2.91 km - Foodkor Convenience Centre
4.57 km - Grand Central Shopping Centre
0.59 km - Ring A Rozy
1.33 km - St Paul's Primary
1.34 km - Saint Paul's Primary School
1.41 km - Girls And Boys Town
1.95 km - Falsebay Primary School
2.27 km - Nomza Shalom Educare Centre
2.35 km - Carmens Daycare
2.50 km - Saint Stephen's Pre-Primary School
2.62 km - Oklahomastraat Primary School
2.95 km - Marvin Park Primary School
2.96 km - Macassar Secondary School
2.98 km - Somerset College
3.18 km - Eersterivier Secondary School
3.54 km - Dunatara Training
Average sold property price in Croydon
Freehold
Sectional Scheme
Vacant Land
Freehold
R1,648,889
33.3%
Average price
6
33.3%
Transfers
Sectional Title
R
0%
Average price
0
0%
Transfers
Estate
R2,579,470
40.0%
Average price
80
40.0%
Transfers
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Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
