3 Bedroom House for Sale in Lorentzville

VALUE-ADD OPPORTUNITY FOR THE INVESTOR, DEVELOPER OR BUYER WITH VISION This property presents an exciting opportunity to acquire a well-positioned 447sqm residential property in Lorentzville with plenty of scope to restore, improve and unlock its full potential. The property does require tender loving care to bring it back to its former glory, but the fundamentals are there - including a spacious stand, an existing 3-bedroom main house, current rental income and the opportunity to rebuild additional accommodation. THE MAIN HOUSE OFFERS: 3 Bedrooms 1 Bathroom with bath, shower, toilet and basin Spacious Lounge Dining Room Kitchen Enclosed Stoep Parking for approximately 2 vehicles High boundary walls providing privacy and security Currently tenanted ADDITIONAL ACCOMMODATION POTENTIAL The property previously had approximately 4 back rooms, which were unfortunately vandalised. For the astute investor, these rooms present an opportunity to be rebuilt and restored, subject of course to the necessary approvals and compliance requirements. Once the property has been properly renovated and the additional accommodation restored, the potential rental income could be in the region of R15,000 per month. LOCATION, LOCATION, LOCATION Situated in Lorentzville, bordering Kensington, Judith Paarl and Bellevue East, the property enjoys convenient access to established residential areas and is situated along a public transport route. Its location makes it well suited to buyers looking for an affordable property with the potential to generate multiple income streams after refurbishment. WHY THIS PROPERTY DESERVES YOUR ATTENTION R850,000 asking price 447sqm stand Existing 3-bedroom house Currently tenanted Previously had approximately 4 back rooms Opportunity to rebuild additional accommodation Potential rental income of approximately R15,000 per month once properly restored High walls for privacy Excellent value-add opportunity Ideal for an investor or buyer prepared to restore and improve THE BOTTOM LINE This is not a turnkey property - and that is precisely where the opportunity lies. With the right vision, refurbishment and investment, this property has the potential to be transformed into a stronger income-producing asset while taking advantage of its large stand, established location and existing accommodation. If you are looking for a property where you can add value rather than simply buy what is already finished, this Lorentzville opportunity deserves your attention. This one is deliberately positioned as a "buy, improve and increase income" opportunity rather than trying to hide the condition of the property. Contact us today to arrange a viewing and explore the possibilities. DORICEL (PTY) LTD trading as RE/MAX Superior (Mulbarton) operates in terms of a franchise agreement with RE/MAX of Southern Africa.