Sea Point · House For Sale
3 Bedroom House For Sale in Sea Point
- R 8,500,000
- 3 bd
- 2 ba
- 537 m²
This is a Golden Development opportunity in the heart of Sea Point. The plan as per design currently available is for 5 units each between 90 and 125sqm.
- Underground Parking
- Plans available (approved in principle)
- Demo permit in place
- Gr2
- 537sqm ERF
ROI gross as per feasibility 30% with a net ROI of 16% anticipated. Depending on financial budgeting and work flow management these numbers could be improved. Too good to pass on!
For further information a consultation and market valuation can be drawn up. The current going rate for units of this size and with a modern spec sits at around 45 to 55k per sqm with the top unit possibly reaching 60 -66k per sqm depending on finishing schedule.
The property is currently tenanted with a 3month termination clause. However, the tenant would be happy to stay on until due time, as he has been residing in the property for numerous years.
Property Information & Features
- Property Type
- House
- Listing Type
- For Sale
- Location
- Sea Point, Atlantic Seaboard
- Price
- R 8,500,000 · Get Pre-Qualified
- Price per m²
- R 15,829
- Erf Size
- 537 m²
- Bedrooms
- 3
- Bathrooms
- 2
Map & Nearby
Price Trends · Sea Point, Atlantic Seaboard beta
Select filters to see average property values
The current average sales price for a studio in Sea Point on ImmoAfrica.net is R 2,725,000
The current average rental price for a studio in Sea Point on ImmoAfrica.net is R 15,375
The current average sales price for a 2 bedroom property in Sea Point on ImmoAfrica.net is R 5,323,470
The current average rental price for a 2 bedroom property in Sea Point on ImmoAfrica.net is R 33,498
The current average sales price for a 3 bedroom property in Sea Point on ImmoAfrica.net is R 10,075,444
The current average rental price for a 3 bedroom property in Sea Point on ImmoAfrica.net is R 53,607
The current average sales price for a 1 bedroom property in Sea Point on ImmoAfrica.net is R 2,789,600
The current average rental price for a 1 bedroom property in Sea Point on ImmoAfrica.net is R 17,612
The current average sales price for a 4 bedroom property in Sea Point on ImmoAfrica.net is R 18,746,111
The current average rental price for a 4 bedroom property in Sea Point on ImmoAfrica.net is R 62,833
The current average sales price for a 5 bedroom property in Sea Point on ImmoAfrica.net is R 39,386,250
The current average rental price for a 5 bedroom property in Sea Point on ImmoAfrica.net is R 120,000
Bedrooms | Buy | Rent |
---|---|---|
Studio | R 2,725,000 | R 15,375 |
1 Bed | R 2,789,600 | R 17,612 |
2 Bed | R 5,323,470 | R 33,498 |
3 Bed | R 10,075,444 | R 53,607 |
4 Bed | R 18,746,111 | R 62,833 |
5 Bed | R 39,386,250 | R 120,000 |
Bedrooms | Buy | Rent |
---|---|---|
Studio | R 71,866 | R 332 |
1 Bed | R 53,237 | R 408 |
2 Bed | R 50,295 | R 304 |
3 Bed | R 118,364 | R 316 |
4 Bed | R 46,071 | R 166 |
5 Bed | R 74,667 | R 251 |