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31,32,33 Freda Avenue, Homelake, Randfontein, Gauteng
R 3 850 000
This investment opportunity comprises three blocks of apartments, each offering three units, for a total of nine apartments. Each apartment features a spacious open-plan living area with ample room for both a lounge and dining space. The kitchens are well-sized and fitted with built-in cupboards, a sink, and dedicated space for a washing machine and additional appliances. All units offer two bedrooms, along with a bathroom fitted with a bath and basin, plus a separate toilet for added convenience. Each apartment includes a covered parking space for one vehicle. Blocks 1 and 2 are serviced by a single meter per block, while Block 3 has individual meters for each unit, ensuring flexible and efficient utility management. The entire property is available for R3 850 000, which equates to approximately R1 283 334 per block. A fantastic opportunity for investors looking to secure a well-structured, multi-unit property with strong rental income potential. Rates, taxes, levies, and ERF sizes are estimates and subject to change. BAROVILLE TRADE AND INVESTMENTS 10 (PTY) LTD trading as RE/MAX Town and Country (Krugersdorp) operates in terms of a franchise agreement with RE/MAX of Southern Africa.
Estimated monthly repayment
R 36 357
on a R 3 465 000 bond over 20 years at 11.25%
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31,32,33 Freda Avenue, Homelake, Randfontein, Gauteng
Fair-value check
Priced highPriced 564% above comparable 2-bed apartments for sale in Homelake
Based on 8 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Amahle Smith
Unclaimed listing — claim it to verify
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