Investor Opportunity: This versatile property presents a prime investment prospect, catering to various ventures such as a Bed and breakfast, or Long-Term Rentals, and ideally suited for a small retirement community.
Featuring 6 spacious bedrooms, each boasting its own en-suite bathroom, residents enjoy comfort and privacy. The communal areas, including a dining space, entertainment area, and shared kitchen, foster a sense of community among occupants, with the option to convert a space into a 7th bedroom if desired.
Convenience is paramount with communal facilities such as a bathroom in the communal area, an outdoor bathroom, and a cellar. A generous storeroom provides ample storage solutions.
Parking is abundant, with space for 8 or more vehicles within the property grounds. All 6 bedrooms are equipped with a TV and access to Openview channels.
Flexibility is key, with some furniture negotiable separately, and certain pieces included in the sale. Owners have the option to utilize communal areas as a personal residence while renting out rooms, some of which are spacious enough to accommodate a small kitchenette.
Strategically located under 2km from UJ Campus, and within close proximity to Milpark Hospital (1.1km), Wits University (2.7km), the German School (1.3km), Lancet Laboratories (1km), Donald Gordon (2.7km), and Helpmekaar High School (3.1km). Easy access to the highway enhances convenience, while all amenities are within walking distance.
For added security, the property features electric fencing and an automated access gate, fully enclosed within walls. The low-maintenance garden ensures minimal upkeep.
Each bedroom is designed for convenience, with the potential to add a kitchenette and open-plan bathroom. The porch can easily be enclosed with stacking doors, providing additional versatility. Furthermore, each room boasts its own courtyard and entertainment area, while the communal bathroom offers a shower, two bathrooms, and a double basin. The property is complemented by a fully equipped kitchen, catering to the needs of residents and guests alike.
R2,090,250immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 3 bedroom property in Melville on ImmoAfrica.net is R 2,090,250
R4,096immo · index
The current average sales price per square meter for a 3 bedroom property in Melville on ImmoAfrica.net is R 4,096
R1,124,000immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 1 bedroom property in Melville on ImmoAfrica.net is R 1,124,000
R9,668immo · index
The current average sales price per square meter for a 1 bedroom property in Melville on ImmoAfrica.net is R 9,668
R8,130immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average rental price for a 1 bedroom property in Melville on ImmoAfrica.net is R 8,130
R147immo · index
The current average rental price per square meter for a 1 bedroom property in Melville on ImmoAfrica.net is R 147
R1,609,231immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 2 bedroom property in Melville on ImmoAfrica.net is R 1,609,231
R4,086immo · index
The current average sales price per square meter for a 2 bedroom property in Melville on ImmoAfrica.net is R 4,086
R1,824,475immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 4 bedroom property in Melville on ImmoAfrica.net is R 1,824,475
R2,739immo · index
The current average sales price per square meter for a 4 bedroom property in Melville on ImmoAfrica.net is R 2,739
R15,750immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average rental price for a 3 bedroom property in Melville on ImmoAfrica.net is R 15,750
R27immo · index
The current average rental price per square meter for a 3 bedroom property in Melville on ImmoAfrica.net is R 27
R2,450,000immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average sales price for a 5 bedroom property in Melville on ImmoAfrica.net is R 2,450,000
R3,752immo · index
The current average sales price per square meter for a 5 bedroom property in Melville on ImmoAfrica.net is R 3,752
R12,750immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average rental price for a 2 bedroom property in Melville on ImmoAfrica.net is R 12,750
R63immo · index
The current average rental price per square meter for a 2 bedroom property in Melville on ImmoAfrica.net is R 63
R20,000immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average rental price for a 4 bedroom property in Melville on ImmoAfrica.net is R 20,000
R30immo · index
The current average rental price per square meter for a 4 bedroom property in Melville on ImmoAfrica.net is R 30
R25,000immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
The current average rental price for a 5 bedroom property in Melville on ImmoAfrica.net is R 25,000
R60immo · index
The current average rental price per square meter for a 5 bedroom property in Melville on ImmoAfrica.net is R 60
immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
Currently, there is not enough data to give you an estimated price. Please check back soon.
immo · index
Currently, there is not enough data to give you an estimated price. Please check back soon.
immo · index The immo · index is a market indicator that provides insights into the average asking price and rental values in a given suburb. It is derived from listing data provided by estate agents who advertise their properties on ImmoAfrica.net. However, it is important to note that the immo · index is not a substitute for a professional valuation or appraisal. We encourage buyers, renters, sellers, and homeowners to supplement the immo · index with other research, such as visiting the property in person, obtaining a professional valuation, or requesting a comparative market analysis (CMA) from a qualified real estate professional.
Currently, there is not enough data to give you an estimated price. Please check back soon.
immo · index
Currently, there is not enough data to give you an estimated price. Please check back soon.
The interest rate is by default set to the prime lending rate of South Africa. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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