R1 499 000 | 2 Bedroom House For Sale in Victoria Park, Somerset West

Whether you're a first-time buyer, a young family, looking to downsize, or searching for a smart investment, this 2-bedroom freehold home offers exceptional value in the established suburb of Victoria Park.

The home features a spacious main bedroom and a comfortable second bedroom, along with inviting living spaces, a private pet-friendly garden, a garage, and an outdoor storeroom. The storeroom provides ample storage or the potential to create a workshop or convert it into a flatlet (subject to the necessary approvals).

Located in the sought-after Victoria Park, you'll enjoy a family-friendly neighbourhood with nearby parks, active neighbourhood security patrols, and convenient access to schools, shopping centres, Somerset Mall, major routes, and the Strand beachfront.

One of the biggest advantages of this property is that it is freehold, meaning there are no body corporate rules and no monthly levies. Whether you're looking to renovate, modernise, extend the home, or even add a second storey (subject to municipal approval), this property offers the freedom and flexibility to create a home that perfectly suits your lifestyle.

Excellent Investment Potential:
This property presents an outstanding opportunity for investors seeking strong rental returns and long-term capital growth.

Investment Highlights:
Current rental income: R10,400 per month
Gross rental yield: Approximately 8.2%
Net rental yield (after rates): Approximately 7.7%
Historical area growth: Approximately 5.3% per annum

With renovated homes in Victoria Park achieving substantially higher selling prices, this property offers excellent value-add potential. Whether you choose to renovate, modernise, or extend (subject to the necessary approvals), there is an opportunity to increase both the property's market value and rental income while benefiting from long-term capital appreciation.

Don't miss the chance to secure an affordable freehold home in one of Somerset West's established and sought-after neighbourhoods.

Contact us today to arrange your private viewing.