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R3,850,000

6 Olive Schreiner Street

Monthly Bond Repayment R40,396.36
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R1,480.5

Exceptional Investment Opportunity: 4 Bedroom Home with 6 High-Yield Rental Units –

BANKABLE ASSET – R3 850 000 – 1095 sqm

Presenting a remarkable investment property that promises both immediate cash flow and long-term value appreciation. This 4-bedroom family home is complemented by six separate rental units, each designed to maximize occupancy and rental income.

Whether you’re a seasoned investor or just entering the real estate market, this property offers a compelling proposition for generating steady revenue. The main residence is perfect for a family or owner-occupant, while the strategically placed rental units ensure consistent demand in a highly sought-after location.

Entrance hall, lounge, dining room with sliding doors to covered entertaining patio. Kitchen. Bathroom. Main bedroom, 2nd bedroom, guest toilet. Study area or computer station. Upstairs loft – 2 bedrooms. Separate bedsit cottage or could be 4th bedroom. Bathroom (shower, basin and toilet). Separate entrance from house. Storeroom. Covered patio. Double garage. Extended carport for 5x cars. Plenty off-street parking. Two boundary gates to property. Plenty garden space for avid gardeners.

COTTAGES –

2x – 2 bedroom fully equipped cottages – Open plan lounge/dining room kitchen. 2 bedrooms with full bathrooms
4x Bachelor units. Open plan lounge/kitchen and separate bathroom. All units have unlimited access to the internet.

Extra features – Pre-paid electricity, Gas gylinders,1 solar geyser, 4 electric geysers. Spanish burglar bars, trellidors. Armed response. Electric fence

Features

10
8
2
Pets Allowed
Yes
Interior
Bedrooms
10
Bathrooms
8
Kitchens
7
Reception Rooms
14
Exterior
Garages
2
Carports / Parkings
3
Security
Yes
Flatlet
7
Sizes
Land Size
1,095m²

Franklin Roosevelt Park, Johannesburg

Johannesburg property: A profile of Johannesburg property from a prospective buyer’s perspective, with information on facilities and attractions. Johannesburg Property Johannesburg property is the wealthiest and most desirable real estate in South Africa’s influential business hub. It incorporates some of the oldest and most established residential areas of the city, some of which date back to the...
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

40,396.36

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