Sea Point · House For Sale
3 Bedroom House For Sale in Sea Point
- R 8,500,000
- 3 bd
- 2 ba
- 537 m²
This is a Golden Development opportunity in the heart of Sea Point. The plan as per design currently available is for 5 units each between 90 and 125sqm.
- Underground Parking
- Plans available (approved in principle)
- Demo permit in place
- Gr2
- 537sqm ERF
ROI gross as per feasibility 30% with a net ROI of 16% anticipated. Depending on financial budgeting and work flow management these numbers could be improved. Too good to pass on!
For further information a consultation and market valuation can be drawn up. The current going rate for units of this size and with a modern spec sits at around 45 to 55k per sqm with the top unit possibly reaching 60 -66k per sqm depending on finishing schedule.
The property is currently tenanted with a 3month termination clause. However, the tenant would be happy to stay on until due time, as he has been residing in the property for numerous years.
Property Information & Features
- Property Type
- House
- Listing Type
- For Sale
- Location
- Sea Point, Atlantic Seaboard
- Price
- R 8,500,000 · Get Pre-Qualified
- Price per m²
- R 15,829
- Erf Size
- 537 m²
- Bedrooms
- 3
- Bathrooms
- 2
Map & Nearby
Price Trends · Sea Point, Atlantic Seaboard beta
Select filters to see average property values
The current average sales price for a studio in Sea Point on ImmoAfrica.net is R 2,519,000
The current average rental price for a studio in Sea Point on ImmoAfrica.net is R 15,500
The current average sales price for a 2 bedroom property in Sea Point on ImmoAfrica.net is R 5,453,281
The current average rental price for a 2 bedroom property in Sea Point on ImmoAfrica.net is R 34,333
The current average sales price for a 3 bedroom property in Sea Point on ImmoAfrica.net is R 10,273,040
The current average rental price for a 3 bedroom property in Sea Point on ImmoAfrica.net is R 58,429
The current average sales price for a 1 bedroom property in Sea Point on ImmoAfrica.net is R 2,718,855
The current average rental price for a 1 bedroom property in Sea Point on ImmoAfrica.net is R 17,254
The current average sales price for a 4 bedroom property in Sea Point on ImmoAfrica.net is R 19,346,316
The current average rental price for a 4 bedroom property in Sea Point on ImmoAfrica.net is R 69,750
The current average sales price for a 5 bedroom property in Sea Point on ImmoAfrica.net is R 39,386,250
Currently, there is not enough data to give you an estimated price. Please check back soon.
Bedrooms | Buy | Rent |
---|---|---|
Studio | R 2,519,000 | R 15,500 |
1 Bed | R 2,718,855 | R 17,254 |
2 Bed | R 5,453,281 | R 34,333 |
3 Bed | R 10,273,040 | R 58,429 |
4 Bed | R 19,346,316 | R 69,750 |
5 Bed | R 39,386,250 |
Bedrooms | Buy | Rent |
---|---|---|
Studio | R 65,564 | R 334 |
1 Bed | R 53,878 | R 404 |
2 Bed | R 50,570 | R 323 |
3 Bed | R 116,254 | R 322 |
4 Bed | R 45,759 | R 171 |
5 Bed | R 74,667 |