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Modderfontein, Modderfontein, Edenvale, Gauteng
R 890 000
Located in the highly desirable Red Ivory Lane in Modderfontein, this contemporary one bedroom apartment offers the perfect opportunity for first time buyers, young professionals, or investors looking to secure property in a popular and fast growing area. The apartment features a bright and functional open plan layout, with the kitchen and living area flowing seamlessly onto a private patio, ideal for relaxed everyday living and effortless entertaining. The spacious bedroom is well appointed and serviced by a full bathroom, adding comfort and practicality to the home. Currently being successfully utilized as an Airbnb, the apartment generates approximately R1,500 per night, making it an attractive option for investors seeking immediate short term rental income potential. Situated within a secure, access controlled estate with 24 hour security, residents can enjoy peace of mind along with excellent lifestyle amenities, including a swimming pool, children's play area, and a pet friendly setting. Conveniently positioned close to major shopping centers, reputable schools, medical facilities, and key transport routes, this property combines modern living with excellent long term investment potential. Features: 1 Spacious bedroom 1 Full bathroom Open plan kitchen and lounge Private patio Airbnb income potential of approximately R1,500 per night Pet friendly estate Swimming pool within the complex Children's play area 24 hour manned security Access controlled estate Excellent investment opportunity Close to schools, shopping centers, and major routes MAXONE HOLDINGS (PTY) LTD trading as RE/MAX One (Edenvale) operates in terms of a franchise agreement with RE/MAX of Southern Africa.
Estimated monthly repayment
R 8 405
on a R 801 000 bond over 20 years at 11.25%
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Modderfontein, Modderfontein, Edenvale, Gauteng
Fair-value check
Fairly pricedIn line with comparable 1-bed apartments for sale in Modderfontein
Based on 105 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Michael Ndlovu
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