Great Investment opportunity
This property comes with a standard 4-bedroom, 2-bathroom main house with a lounge and dining room. Comfortable, practical, and easy to live in.
But that’s not the real reason this property stands out.
The real value lies in the 13 one-bedroom cottages, each currently generating approximately R6,500 per month. That’s an estimated R84,500 in monthly rental income before expenses.
This is not a “potential income” story. This is actual, existing income.
The setup makes it ideal for:
· Investors looking for solid, multiple income streams
· Buyers wanting to live on the property while the rentals help cover the bond
· Anyone tired of properties that promise returns but don’t deliver them
Properties like this don’t come onto the market often, and when they do, they get snapped up by buyers who understand numbers.
This one needs to be seen to be fully appreciated.
But that’s not the real reason this property stands out.
The real value lies in the 13 one-bedroom cottages, each currently generating approximately R6,500 per month. That’s an estimated R84,500 in monthly rental income before expenses.
This is not a “potential income” story. This is actual, existing income.
The setup makes it ideal for:
· Investors looking for solid, multiple income streams
· Buyers wanting to live on the property while the rentals help cover the bond
· Anyone tired of properties that promise returns but don’t deliver them
Properties like this don’t come onto the market often, and when they do, they get snapped up by buyers who understand numbers.
This one needs to be seen to be fully appreciated.
Features
Interior
Exterior
Sizes
Listing Info
Lombardy East, Johannesburg
- Street map
- Street view
- Amenities
- Schools
Filling Station
1.17 km - Engen Longmeadow 1 Stop
1.23 km - Engen All Africa Village Centre
1.42 km - Engen Lombardy Conv Centre
Bus Station
1.33 km - Hereford Dr
1.47 km - Along Hereford Dr
1.56 km - Pretoria Rd And Lyndhurst St
Hospital/Clinic
1.63 km - Edenvale Hospital
2.17 km - Prim Villa
2.31 km - Hydro International Academy
Police Station
2.37 km - Alexandra Police Station
2.42 km - South African Police Service - Alexandra
2.48 km - South African Police Service - Sandringham
Shopping Centre
1.47 km - Lyndhurst Square
1.48 km - Lyndhurst Discount Centre
1.61 km - Greenstone Shopping Centre
0.92 km - Magic Prep and Primary School
1.09 km - Peanuts Pre-School
1.20 km - Ecd Centre
1.45 km - Tiny Toons Nursery School
1.45 km - Skeen Primary School
1.49 km - Mary Immaculate Nursery School
1.51 km - Glorious Angels Early Learning Centre
1.58 km - Zenzeleni Primary School
1.62 km - Bovet Primary School
1.85 km - Qurtuba Online Academy
1.95 km - Mmetja
2 km - Damelin
2.08 km - Kwabhekilanga Secondary School
2.30 km - Minerva Secondary School
2.42 km - Realogile High School
4.60 km - Nokuthula High School
Average sold property price in Lombardy East
Freehold
Sectional Scheme
Vacant Land
Freeholds
R962,472
50.0%
Average price
42
50.0%
Transfers
Sectional Titles
R
0%
Average price
0
0%
Transfers
Estates
R
0%
Average price
0
0%
Transfers
Finance
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 Clockwork Properties website is accurate and up to date, Clockwork Properties 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.
