This property is an attractive investment opportunity in real estate. Here are some key features and considerations:
Property Description:The property consists of 5 large bedrooms with built-in cupboards, 2 bathrooms, an open plan lounge/kitchen area, and a veranda overlooking the port of Gqebera. It also includes a water tank with a purification system, connected to the main water supply. Additionally, there are ample washing lines.
Furnishings and Appliances:All furniture and appliances, such as beds, fridge, washing machine, Wi-Fi router, TV, microwave oven, lounge suite, and chairs, are included in the price. This can be attractive to potential tenants as they won't need to invest in these items themselves.
Rental Income and Expenses:The property is currently rented out to tenants, generating a monthly income of R14,250. The expenses are approximately (Rates - R1200, Water & Electricity R2200, R800 wi-fi,& security) R4,200 per month in total.
Zoning and Potential Occupancy:The property is zoned as Res 3b, which means it is suitable for multiple occupants. The individual rooms can be rented out, with prices ranging from R2,500 to R3,000 per room. The two double rooms have the potential to accommodate two students each, which could significantly increase the rental income.
Additional Features:The property has a cellar room used for storage, pre-paid water and electricity meters, a panic button linked to a security company, and a high level of security, unlimited wi-fi. However, it's worth noting that there is no secure parking available.
Location:The property's proximity to Albany Road and Govan Mbeki Road makes it convenient for tenants working in that area. This can be advantageous for attracting tenants and maintaining a high occupancy rate. ?It is only 5 min walk to Pier 14 or Municipality main buildings.
R750,000immo · 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 studio in Richmond Hill on ImmoAfrica.net is R 750,000
R11,029immo · index
The current average sales price per square meter for a studio in Richmond Hill on ImmoAfrica.net is R 11,029
R708,133immo · 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 Richmond Hill on ImmoAfrica.net is R 708,133
R5,325immo · index
The current average sales price per square meter for a 2 bedroom property in Richmond Hill on ImmoAfrica.net is R 5,325
R6,500immo · 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 Richmond Hill on ImmoAfrica.net is R 6,500
R36immo · index
The current average rental price per square meter for a 2 bedroom property in Richmond Hill on ImmoAfrica.net is R 36
R442,800immo · 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 Richmond Hill on ImmoAfrica.net is R 442,800
R4,173immo · index
The current average sales price per square meter for a 1 bedroom property in Richmond Hill on ImmoAfrica.net is R 4,173
R4,000immo · 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 1 bedroom property in Richmond Hill on ImmoAfrica.net is R 4,000
immo · index
Currently, there is not enough data to give you an estimated price. Please check back soon.
R1,090,714immo · 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 Richmond Hill on ImmoAfrica.net is R 1,090,714
R3,875immo · index
The current average sales price per square meter for a 3 bedroom property in Richmond Hill on ImmoAfrica.net is R 3,875
R1,182,500immo · 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 Richmond Hill on ImmoAfrica.net is R 1,182,500
R2,156immo · index
The current average sales price per square meter for a 5 bedroom property in Richmond Hill on ImmoAfrica.net is R 2,156
R1,372,500immo · 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 Richmond Hill on ImmoAfrica.net is R 1,372,500
R2,708immo · index
The current average sales price per square meter for a 4 bedroom property in Richmond Hill on ImmoAfrica.net is R 2,708
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.
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. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
Fill in your email address, we will send you a link to change your password.
Welcome to ImmoAfrica!
Create a password to continue
Report this property
to ImmoAfrica head office
Cookie preferences
We use cookies and similar technologies on ImmoAfrica to give you the best personalised online
experience. You can change your settings at any time and find out more by visiting our Cookie Policy, which also explains why some cookies, that can't be turned off, are
required to operate our website more effectively.
