7 Bedroom House for sale in Kempton Park Ext 1

Kempton Park Asking Price: R2,690,000 This is not just a rental property — it’s a strategic high-density development opportunity with immediate cash flow. Set on a generous 1280sqm stand, this property currently generates R31,000 per month from 20 rental rooms, offering approximately 13.8% gross yield at asking price. Current Income & Position • 20 income-producing rooms • Monthly rental income: R31,000 • Annual income: ±R372,000 • Strong rental demand in the area The existing income reduces holding costs while development plans are prepared. Development Potential Located in a pocket of North Rand where multiple residential properties have already been converted into blocks of flats, this site offers strong redevelopment prospects. The stand size allows for a 3-storey block of flats (subject to municipal approval) — ideal for: • Multi-unit residential development • Sectional title investment strategy • Long-term high-yield rental portfolio expansion Example conservative development scenarios: • 12 x 2-bedroom units @ R6,000 = ±R72,000/month • 18 x 1-bedroom units @ R4,500 = ±R81,000/month This represents significant upside from current income levels. Why This Site Makes Strategic Sense ? 1280sqm stand in a densifying area ? Existing income reduces development risk ? Proven redevelopment activity in surrounding properties ? Strong rental demand within North Rand corridor ? Close to major transport routes & OR Tambo International Airport Large stands with income and vertical development potential are increasingly rare in Kempton Park. Ideal For • Experienced property developers • Portfolio investors seeking scale • Buyers looking to secure land in a transitioning high-density node Buy it for the land. Earn from it while planning. Develop it for scale. Serious investors and developers are invited to enquire.