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Reigerpark, Reigerpark, Boksburg, Gauteng
R 490 000
This property is a diamond in the rough for a savvy investor or a visionary first-time buyer. Located in the heart of Ramaphosa, Reiger Park, this home offers a massive opportunity for rental income. ?A solid 2-bedroom RDP house. While the toilet is currently located outside, the real value lies in the expansive yard space of the property. ? ?The standout feature of this property is the incredible backyard potential. There is sufficient space to construct up to 8 additional rental rooms. Perfect for those looking to build a steady stream of passive income in a high-demand area. ? It is positioned near major hubs, making it attractive for tenants who commute: * ?5 km from Elsburg and Graceland. * ?10 km from the East Rand Mall for all your shopping and entertainment needs. * ?Easy access to local transport routes. ?In an area like Ramaphosa, multi-room rental properties are in high demand. Developing the backyard could potentially pay off the property itself in record time!
Estimated monthly repayment
R 4 627
on a R 441 000 bond over 20 years at 11.25%
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Reigerpark, Reigerpark, Boksburg, Gauteng
Fair-value check
Good valuePriced 41% below comparable 2-bed houses for sale in Reigerpark
Based on 66 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Thandi Govender
Unclaimed listing — claim it to verify
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