For sale, lifestyle farm, with water and stunning sea-views, in Kwalera, East London

R 2,950,000

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13 days ago55 views
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General Details
For Sale By:Agency
Description
Attention, savvy investors! We present to you an incredible opportunity to acquire Farm Erf Number 713, a property that holds immense potential for lucrative returns. Situated on a generous 9,9818 m2 farm erf, this unique offering is tailor-made for those seeking to make smart investments in the real estate market.
From the moment you set foot on the property, you'll appreciate the well-maintained garden, setting the stage for a visually pleasing and inviting environment. The double garage ensures ample space for vehicles and storage, catering to practical needs.
As you enter the house, you'll be greeted by an old farm house with low roofs, exuding charm and character. The layout presents an ideal opportunity for maximizing rental income. The lounge area, with its two entrances, leads to compact yet cozy bedrooms on the right side wall. This configuration allows for individual rental units, appealing to tenants seeking affordable and comfortable living spaces.
The lounge also features a delightful small indent that could be converted into a sunroom, creating an additional selling point for potential tenants. The spacious kitchen offers the flexibility to optimize the layout for shared living arrangements, making it ideal for multiple occupants.
Adjacent to the house, a separate building stands ready to fulfill your investment vision. Once utilized as an entertainment area, this space holds immense potential for conversion into a profitable source of rental income. The first room boasts a built-in braai area, catering to the desires of tenants who seek outdoor leisure and entertainment options. The adjoining room presents an opportunity to create an additional bedroom or a versatile space that can accommodate various rental needs.
With the presence of two Jojo tanks on the property, water supply is secured, offering convenience and peace of mind to both you and your future tenants. A driven-out path leads to a serene dam, enhancing the overall appeal of the property and providing a charming feature that can be further capitalized on.
Don't miss this chance to become a successful investor in the real estate market. Take advantage of the endless possibilities Farm Erf Number 713 has to offer, and embark on a journey of profitable ventures.
For more information or to arrange a personalized viewing, please contact Belinda Enslin. We are dedicated to assisting investors like you in achieving their financial goals through strategic real estate investments.

Property Reference #: 7002001-32677

Agent Details:
Bee Enslin
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274218310
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Estimated monthly repaymentR 31,970
Total property loan amountR 2,950,000
Total interestR 4,722,647
Total repaymentR 7,672,647
Interest rate at 11.75% for 20 years *
* 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.
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EXP Realty
Selling for 2+ years
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