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8 February, Cloetesville, Stellenbosch, Western Cape
R 1 300 000
This 3-bedroom house in February Street, Cloetesville presents an excellent opportunity for buyers looking to renovate, add value, and capitalise on location. The property has been unoccupied for some time and was unfortunately vandalised internally. As a result, the home will require substantial internal refurbishment, making it ideal for a cash buyer, developer, or investor. Current Condition (Full Disclosure) Electrical wiring, plugs, and sockets removed Plumbing pipes removed Bathroom fittings removed (bath, basin, and toilet) Interior requires complete reinstallation and refurbishment Estimated Renovation Budget (Guideline Only) Based on current Stellenbosch / Cloetesville building rates, a reasonable renovation allowance would be: R250,000 – R400,000 for basic reinstatement (electrical rewiring, plumbing, basic bathroom, repairs, and repainting) R400,000 – R600,000 for a more complete upgrade (modern bathroom finishes, kitchen refresh, improved flooring, lighting, and cosmetic upgrades) Final costs will depend on finishes, contractor pricing, and scope of work. Property Layout & Potential Spacious living area with Jetmaster fireplace Dedicated dining area Enclosed kitchen 3 spacious bedrooms Bathroom with separate toilet Large erf with ample space at the front and back — ideal for extensions or future development Why This Property Still Makes Sense Located in a decent, established street with well-maintained neighbouring homes Strong value-add potential Ideal for renovation-and-resale or long-term rental investment Opportunity to unlock equity through refurbishment This is a value-driven renovation opportunity in a good street, priced to reflect the work required.
Estimated monthly repayment
R 12 276
on a R 1 170 000 bond over 20 years at 11.25%
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8 February, Cloetesville, Stellenbosch, Western Cape
Liivra AI market value
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Listed by
Naledi Mokoena
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