Development Property for Sale – Huge Potential for Investors & Developers - 4.3ha
This conveniently situated property offers exceptional potential for investors and developers, with a wide range of possibilities.
The property currently comprises 12 homes, generating a rental income of approximately R136,000 per month, making it an attractive income-producing investment.
For developers looking to explore rezoning opportunities, townhouse development, or other residential projects, this property presents an excellent opportunity to unlock significant additional value.
With its prime location, strong existing rental income, and exciting development potential, this is a property well worth considering.
This unique property presents an exciting opportunity to acquire an entire estate comprising 12 houses, making it ideal for an investor seeking multiple rented residential dwellings within one expansive property, whilst getting the rezoning requirements.
Surrounded by beautiful natural views and generous open spaces, the estate offers a peaceful country lifestyle while remaining conveniently positioned close to Steyn City, Riversands, Fourways, Kyalami and Sandton.
The property is equipped with three automatic boreholes, providing an excellent water solution for the estate. The expansive grounds provide plenty of room for children to play, outdoor activities and future possibilities, while the brick-enclosed property creates a private and established setting.
PROPERTY HIGHLIGHTS
12 houses on one estate
3 automatic boreholes
2 houses equipped with solar panels
Beautiful views and tranquil surroundings
Extensive grounds with ample recreational space
Brick-enclosed property
Strong rental income
Ideal for investors seeking multiple dwellings
Convenient access to Steyn City, Fourways and Kyalami
Close to shopping centres, restaurants, schools and medical facilities
An opportunity of this scale is seldom available in Glenferness. Whether you're looking to expand your property portfolio or secure a multi-dwelling investment with long-term potential, this estate deserves your attention.
Whilst every care has been taken in the preparation of this listing, we cannot be held responsible for any errors or omissions which may occur.
The property currently comprises 12 homes, generating a rental income of approximately R136,000 per month, making it an attractive income-producing investment.
For developers looking to explore rezoning opportunities, townhouse development, or other residential projects, this property presents an excellent opportunity to unlock significant additional value.
With its prime location, strong existing rental income, and exciting development potential, this is a property well worth considering.
This unique property presents an exciting opportunity to acquire an entire estate comprising 12 houses, making it ideal for an investor seeking multiple rented residential dwellings within one expansive property, whilst getting the rezoning requirements.
Surrounded by beautiful natural views and generous open spaces, the estate offers a peaceful country lifestyle while remaining conveniently positioned close to Steyn City, Riversands, Fourways, Kyalami and Sandton.
The property is equipped with three automatic boreholes, providing an excellent water solution for the estate. The expansive grounds provide plenty of room for children to play, outdoor activities and future possibilities, while the brick-enclosed property creates a private and established setting.
PROPERTY HIGHLIGHTS
12 houses on one estate
3 automatic boreholes
2 houses equipped with solar panels
Beautiful views and tranquil surroundings
Extensive grounds with ample recreational space
Brick-enclosed property
Strong rental income
Ideal for investors seeking multiple dwellings
Convenient access to Steyn City, Fourways and Kyalami
Close to shopping centres, restaurants, schools and medical facilities
An opportunity of this scale is seldom available in Glenferness. Whether you're looking to expand your property portfolio or secure a multi-dwelling investment with long-term potential, this estate deserves your attention.
Whilst every care has been taken in the preparation of this listing, we cannot be held responsible for any errors or omissions which may occur.
Monthly Rates
R2,300
Features
Interior
Exterior
Sizes
Listing Info
Glenferness, Midrand
- Street map
- Street view
- Amenities
- Schools
Filling Station
2.31 km - Engen Lonehill Boulevard
2.63 km - Astron Energy
3.28 km - BP Fourways Gardens BP
Bus Station
0.91 km - Lugwig's Roses
1.35 km - Sawasdee Main Rd And Zinnia Rd
2.15 km - William Nicol Drive And Broad Acres Avenue
Hospital/Clinic
2.29 km - Mediwell
2.33 km - Lonehill Animal Hospital
2.52 km - Lonehill Medical Centre
Police Station
4.81 km - Police South African Police Service - Dog Unit - Midrand
Shopping Centre
2.29 km - Lonehill Shopping Centre
2.43 km - Dainfern Square Shopping Centre
2.62 km - Saint George's Centre
0.59 km - Peppertree Stables
0.67 km - Phaeton Park Stables
0.98 km - The Glen Montessori School
1.04 km - Cedarwood School
1.68 km - Precious Poppets Preschool
2.04 km - St Lieutenant Royal House School
2.13 km - Country Lane
2.16 km - Beaulieu College Equestrian Academy
2.30 km - Lonehill Nursery And Pre Primary School
2.32 km - Beaulieu College
2.38 km - Rexlex Legal Training
2.63 km - Performance Unlimited
3.09 km - Dainfern College
3.39 km - Sefikeng Primary School
3.85 km - Emadwaleni Secondary School
Average sold property price in Glenferness
Freehold
Sectional Scheme
Vacant Land
Freeholds
R4,716,944
33.3%
Average price
5
33.3%
Transfers
Sectional Titles
R7,250,000
100.0%
Average price
1
100.0%
Transfers
Estates
R
0%
Average price
0
0%
Transfers
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the LWP Properties website is accurate and up to date, LWP Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.