• Category: Property - Residential Properties - Houses
  • Furnished: No
  • Pets Allowed: Yes
  • Land Area/Erf Size: 875 m²
  • Available: 19/10/2021
  • Region: Gauteng - Johannesburg
  • Published: 19/10/2021
  • Ad Type: Owner
  • Viewed:

5 Bedroom House for Sale in Kensington

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R 1 600 000 For Sale
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5 Bedroom House for Sale in Kensington
This beautifully renovated home features its original wood flooring with fantastic extra volume press ceilings, allowing the entire home to have a warm glow with a spacious ambiance. The year long warmth is complemented with the house's northern views, looking over the open sports fields of Jeppies Girls High School.

The main house consists of three bedrooms, two bathrooms, a spacious foyer and living room with an extremely generous kitchen and scullery.

This old treasure has been thoroughly renovated with custom designer kitchen counters hand made from sustainably sourced reclaimed wood. Treated with a long lasting scratch resistant, water resistant, UV protective coating for lower maintenance and longer life. Complemented with a stainless steel gas cooking stove and rotisserie oven.

The garden is designed in a perennial, low maintenance & water wise manner. It offers 3 separate vegetable gardens, stone paths, an outside garden basin, all while being grass free. A semi paved backyard with a mature tree for shade includes a meditation space, braai area and an extra large trampoline.

A separate 18sqm outside room adds more flexibility to be used as a studio, office, gym or even a 4th bedroom.

The property also features an extended basement with plenty of space for tools or even a workshop.

The garage is a double tandem, allowing enclosed space for 4 vehicles. One tandem space is dedicated to the main house, while the remaining is dedicated to the larger Cottage of the two cottages. This still leaves space for 5 carports allowing a total of 9 vehicles for the entire property.

MAIN COTTAGE

This unit functions entirely as a separate mini house all on its own. Having its own driveway, tandem garage and a private food garden. It can not be overstated how beneficial the rental income has been of this cottage. Especially as Kensington is and are; remaining a popular rental neighborhood. This property is clever in its layout, as it avoids the typical landlord/tenant sharing issues.

This 2 bedroom, study, lounge, kitchen and bathroom cottage is renovated with the same atmosphere as the main house. It too creates its own glow with its wooden flooring, press ceilings and warm skylight.

BACHELOR's COTTAGE

An old servant's quarters, renovated into a small Bachelors cottage. This unit will work well for yet, another rental opportunity or for your current live-in staff.

FINANCIAL GUIDE:

Average listing price in Kensignton for a 5 bedroom house is R2 050 625, according to Property24.

EVALUATION OF RENTAL INCOME:

Main 2 Bedroom Cottage Rental = R7 000

Main House Rental = R13 000

Bachelor's Cottage Rental = R3500

Total monthly rental potential: R 23500

Annual monthly rental potential: R 282 000

Property Cost: R1 600 00

This property offers a potential Gross Rental yield of 17.11% vs the Average of 9.3% for Johannesburg, according to globalpropertyguide

The property is Priced to Go as the owners are urgent

  • Category: Property - Residential Properties - Houses
  • Furnished: No
  • Pets Allowed: Yes
  • Land Area/Erf Size: 875 m²
  • Available: 19/10/2021
  • Region: Gauteng - Johannesburg
  • Published: 19/10/2021
  • Ad Type: Owner
  • Viewed:

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