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 2,716,667
The current average sales price for a 2 bedroom property in Sea Point on ImmoAfrica.net is R 5,536,263
The current average rental price for a 2 bedroom property in Sea Point on ImmoAfrica.net is R 39,538
The current average sales price for a 3 bedroom property in Sea Point on ImmoAfrica.net is R 10,816,236
The current average rental price for a 3 bedroom property in Sea Point on ImmoAfrica.net is R 56,417
The current average sales price for a 1 bedroom property in Sea Point on ImmoAfrica.net is R 2,917,829
The current average rental price for a 1 bedroom property in Sea Point on ImmoAfrica.net is R 18,833
The current average sales price for a 4 bedroom property in Sea Point on ImmoAfrica.net is R 21,164,688
The current average rental price for a 4 bedroom property in Sea Point on ImmoAfrica.net is R 87,000
The current average sales price for a 5 bedroom property in Sea Point on ImmoAfrica.net is R 9,636,250
Currently, there is not enough data to give you an estimated price. Please check back soon.
Currently, there is not enough data to give you an estimated price. Please check back soon.
Bedrooms | Buy | Rent |
---|---|---|
Studio | R 2,716,667 | |
1 Bed | R 2,917,829 | R 18,833 |
2 Bed | R 5,536,263 | R 39,538 |
3 Bed | R 10,816,236 | R 56,417 |
4 Bed | R 21,164,688 | R 87,000 |
5 Bed | R 9,636,250 |
Bedrooms | Buy | Rent |
---|---|---|
Studio | R 60,565 | |
1 Bed | R 56,044 | R 377 |
2 Bed | R 51,563 | R 327 |
3 Bed | R 141,848 | R 195 |
4 Bed | R 46,543 | R 185 |
5 Bed | R 21,966 |