R3,950,000
5
Bedrooms
3
Bathrooms
8
Parkings
Monthly Levy
R0.01
Special Levy
R0.10
Monthly Rates
R3,500
Total
R3,500.11
The Ultimate Hybrid Investment!
64 Grace Road
Web Ref.
RLS993763
Why choose between a stunning family home and a solid income-bearing investment when you can have both? This expansive property offers a luxurious primary residence with the incredible advantage of multiple, high-earning rental units.
Primary Residence & Integrated Flatlet
Main House Features: As you enter this beautiful, welcoming home, you are greeted by a wonderful entrance that leads to an open-plan lounge, entertainment room, and dining area. A chef's kitchen and a 3 way cooking (coal, gas or electric). This entire living space flows effortlessly onto the outside veranda, where a stunning setting awaits for family braais, all overlooking the wonderful garden and swimming pool.
Upstairs (Approx. 208m²): Features five bedrooms and three bathrooms (including a main MES).
Potential Rental Income: R18,000 per month (if rented separately).
Downstairs Flatlet 4 - (Approx. 72m²): Currently a separate wing featuring two bedrooms, one bathroom, and an independent kitchen. Perfect for extended family, guests, or as a rental unit. Potential Rental Income: R7,500 per month.
Independent Income-Generating Units
Flatlet 2: Ground Floor Bachelor Unit
Size: Approx. 32m²
Features: Open-plan unit with a dedicated kitchenette.
Potential Use: Ideal for a long-term tenant or optimized for Airbnb.
Potential Rental Income: R5,500 per month.
Flatlet 3: Upstairs Unit
Size: Approx. 54m²
Features: Includes a large bedroom with built-in cupboards (BIC), a lounge, an open-plan kitchen, a separate study, and a bathroom.
Potential Rental Income: R7,000 per month.
Loft Unit -Flatlet 1
Size: Approx. 58m²
Features: Features a loft bedroom (BIC), a large bathroom, an open-plan kitchen/lounge area, and a private garden.
Potential Rental Income: R8,500 per month
GROSS RENTAL YIELD = 14.13%
Note: This calculation provides the Gross Yield, as it does not factor in any operating expenses (like rates, levies, maintenance, insurance, or potential vacancy rates). The actual Net Yield would be lower once these costs are considered
Primary Residence & Integrated Flatlet
Main House Features: As you enter this beautiful, welcoming home, you are greeted by a wonderful entrance that leads to an open-plan lounge, entertainment room, and dining area. A chef's kitchen and a 3 way cooking (coal, gas or electric). This entire living space flows effortlessly onto the outside veranda, where a stunning setting awaits for family braais, all overlooking the wonderful garden and swimming pool.
Upstairs (Approx. 208m²): Features five bedrooms and three bathrooms (including a main MES).
Potential Rental Income: R18,000 per month (if rented separately).
Downstairs Flatlet 4 - (Approx. 72m²): Currently a separate wing featuring two bedrooms, one bathroom, and an independent kitchen. Perfect for extended family, guests, or as a rental unit. Potential Rental Income: R7,500 per month.
Independent Income-Generating Units
Flatlet 2: Ground Floor Bachelor Unit
Size: Approx. 32m²
Features: Open-plan unit with a dedicated kitchenette.
Potential Use: Ideal for a long-term tenant or optimized for Airbnb.
Potential Rental Income: R5,500 per month.
Flatlet 3: Upstairs Unit
Size: Approx. 54m²
Features: Includes a large bedroom with built-in cupboards (BIC), a lounge, an open-plan kitchen, a separate study, and a bathroom.
Potential Rental Income: R7,000 per month.
Loft Unit -Flatlet 1
Size: Approx. 58m²
Features: Features a loft bedroom (BIC), a large bathroom, an open-plan kitchen/lounge area, and a private garden.
Potential Rental Income: R8,500 per month
GROSS RENTAL YIELD = 14.13%
Note: This calculation provides the Gross Yield, as it does not factor in any operating expenses (like rates, levies, maintenance, insurance, or potential vacancy rates). The actual Net Yield would be lower once these costs are considered
Features
Interior
Exterior
Sustainability
Sizes
Additional Amenities
Observatory, Johannesburg
- Street map
- Street view
Monthly Repayment
R0,00
R0,00
Calculators:
