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144 5th Street, Parkmore, Sandton, Gauteng
R 3 250 000
This is a 992 square metre freehold stand in Parkmore, with a four-bedroom home on it that needs a full renovation. That is the opportunity, not the catch. You are buying land, position and structure in an established Sandton suburb, with room to modernise, redesign or rebuild to your own brief, and scope to explore the property's longer-term potential. The existing layout gives you a strong framework to work from. Four bedrooms, two and a half bathrooms and a guest cloakroom sit alongside an open-plan lounge and dining area that opens to a covered patio, plus a second living space with its own fireplace. The kitchen, bedrooms and living areas are all generously proportioned, so the bones are there for a contemporary reconfiguration without fighting a cramped footprint. Outside, an established garden draws steady birdlife and frames a pool, with room to rethink the whole outdoor flow. A double automated garage, covered parking for two more vehicles, visitor parking and separate domestic quarters round out the practical side. The stand is fully walled with electric gate access. Parkmore puts you minutes from Sandton's business core and within reach of its shops and restaurants, so the location is doing real work while you add the value. For a renovator, developer or investor, the pricing reflects the work ahead and the upside that comes with it. Speak to Sharon Louw to walk the stand and picture what it could become.
Estimated monthly repayment
R 30 691
on a R 2 925 000 bond over 20 years at 11.25%
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144 5th Street, Parkmore, Sandton, Gauteng
Fair-value check
Good valuePriced 27% below comparable 4-bed houses for sale in Parkmore
Based on 23 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Lindiwe Dlamini
Unclaimed listing — claim it to verify
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