3 Bedroom House in Thornton

Description

Asking Price: R4 200 000Positioned in one of Thorntons most sought-after pockets, this corner property offers an exceptional income-generating opportunity with immediate returns and substantial upside potential.The property currently offers two separate dwellings, creating an immediate dual-income opportunity and strong cash flow from day one. The main home is a beautifully renovated three-bedroom residence featuring a modern open-plan kitchen with quality finishes, a spacious lounge, wooden flooring, new built-in cupboards, and a neat centrally located bathroom. Aluminium windows, a tiled roof, secure parking, and an electric perimeter fence add low-maintenance appeal and enhanced tenant security, while the recent renovations reduce upfront capital expenditure for investors.Set on a large erf, approximately half of the land remains vacant, presenting a prime value-add opportunity. With municipal approval, two additional rental units could be developed on the second portion of the plot, significantly increasing gross monthly income, strengthening overall rental yield relative to the purchase price, and enhancing long-term capital growth and cash-on-cash returns.Situated on a corner plot with potential for subdivision or sectional title conversion subject to approval, the property is positioned in a well-established, high-demand rental area. The combination of existing income, reduced maintenance risk, strong tenant appeal, and secured expansion potential makes this a financially sound and scalable investment opportunity.This configuration positions the property as a multi-unit investment asset rather than a single residential home, significantly improving its attractiveness to serious investors.With Thorntons consistent rental demand and its proximity to schools, shopping centres, and major transport routes, this property is strategically positioned for both steady rental income and scalable growth. This is not just a home its a scalable income-producing asset with the framework already in place.We also assist with pre-assessments and bond application support to streamline your acquisition process.Asking Price: R4 200 000Erf size: 684 SQMRates and Taxes: TBD

What we know about this property

Each attribute shows where it came from and how sure we are. Model-derived attributes arrive as enrichment runs.

Portal facts

Land size

684 m²

Listing date

24 Feb 2026

Property type

House

Feature: Alarm

yes

Listing number

T5402138

Feature: Kitchen

yes

Feature: Laundry

yes

Feature: Lounges

1

Feature: Storeys

1

Feature: Bedrooms

3

Feature: Fireplace

yes

Feature: Access gate

yes

Feature: Bathrooms 1.

5

Feature: Open parking

7

Feature: Garage parking

2

Feature: Electric fencing

yes

Feature: Built in cupboards

yes