SPACIOUS FAMILY HOME WITH EXCELLENT POTENTIAL
PRE-HAMMER PROPERTY OPPORTUNITY
4 BEDROOMS | FLATLET | OUTSIDE FACILITIES | 1,092 m² STAND | 362 m² House
A PROPERTY FOR THE BUYER WHO SEES THE POTENTIAL — NOT THE CURRENT CONDITION
IMPORTANT SALE CONDITION
2% DEPOSIT REQUIRED BEFORE OTP
An exceptional pre-hammer opportunity in an established Moreleta Park location, offering a substantial ±1,092 m² freehold stand, a large existing residence with 4 bedrooms, a separate flatlet, and additional outside facilities.
The property has stood vacant for approximately four years and has unfortunately been extensively vandalised, with much of the original fittings and infrastructure removed. The existing improvements therefore require significant renovation and rehabilitation.
However, the underlying offering remains compelling: a generous stand, a substantial existing footprint, multiple accommodation options and excellent potential for the right investor, renovator or developer.
THE PROPERTY OFFERS:
4 bedrooms in the main residence
Separate flatlet – ideal for extended family, rental income or additional accommodation
Spacious existing living areas
Existing swimming pool
Substantial outside areas
Large ±1,092 m² stand
Existing substantial building footprint
Established residential location in Moreleta Park
Excellent opportunity to renovate, reinstate or investigate redevelopment options
THE OPPORTUNITY:
This is not a move-in-ready property and should be viewed strictly as a renovation, redevelopment or investment opportunity.
The buyer will need to undertake their own due diligence regarding the structural condition of the existing buildings, municipal approvals, approved plans, zoning, services, electrical and plumbing infrastructure, pool and other improvements.
For the right buyer, however, this property offers something increasingly difficult to find — a large stand in an established area with a substantial existing structure, four bedrooms, a flatlet and additional outside facilities.
The opportunity lies in the land, the location and what can be created from the existing property.
PRICE POSITIONING
Based on the property's severely compromised condition, I would not use the normal comparable-house values as the primary pricing benchmark. The property should instead be positioned around its underlying land value, existing improvements and the cost/risk of rehabilitation.
IMPORTANT SALE CONDITION
2% DEPOSIT REQUIRED BEFORE OTP
A 2% deposit of the agreed purchase price is payable prior to preparation/signing of the Offer to Purchase, subject to the Seller/Standard Bank's applicable terms and conditions. Proof of funds or financial qualification will be required.
The property is offered voetstoots / as-is, with the buyer acknowledging the current condition and undertaking their own due diligence before proceeding.
4 BEDROOMS | FLATLET | OUTSIDE FACILITIES | 1,092 m² STAND | 362 m² House
A PROPERTY FOR THE BUYER WHO SEES THE POTENTIAL — NOT THE CURRENT CONDITION
IMPORTANT SALE CONDITION
2% DEPOSIT REQUIRED BEFORE OTP
An exceptional pre-hammer opportunity in an established Moreleta Park location, offering a substantial ±1,092 m² freehold stand, a large existing residence with 4 bedrooms, a separate flatlet, and additional outside facilities.
The property has stood vacant for approximately four years and has unfortunately been extensively vandalised, with much of the original fittings and infrastructure removed. The existing improvements therefore require significant renovation and rehabilitation.
However, the underlying offering remains compelling: a generous stand, a substantial existing footprint, multiple accommodation options and excellent potential for the right investor, renovator or developer.
THE PROPERTY OFFERS:
4 bedrooms in the main residence
Separate flatlet – ideal for extended family, rental income or additional accommodation
Spacious existing living areas
Existing swimming pool
Substantial outside areas
Large ±1,092 m² stand
Existing substantial building footprint
Established residential location in Moreleta Park
Excellent opportunity to renovate, reinstate or investigate redevelopment options
THE OPPORTUNITY:
This is not a move-in-ready property and should be viewed strictly as a renovation, redevelopment or investment opportunity.
The buyer will need to undertake their own due diligence regarding the structural condition of the existing buildings, municipal approvals, approved plans, zoning, services, electrical and plumbing infrastructure, pool and other improvements.
For the right buyer, however, this property offers something increasingly difficult to find — a large stand in an established area with a substantial existing structure, four bedrooms, a flatlet and additional outside facilities.
The opportunity lies in the land, the location and what can be created from the existing property.
PRICE POSITIONING
Based on the property's severely compromised condition, I would not use the normal comparable-house values as the primary pricing benchmark. The property should instead be positioned around its underlying land value, existing improvements and the cost/risk of rehabilitation.
IMPORTANT SALE CONDITION
2% DEPOSIT REQUIRED BEFORE OTP
A 2% deposit of the agreed purchase price is payable prior to preparation/signing of the Offer to Purchase, subject to the Seller/Standard Bank's applicable terms and conditions. Proof of funds or financial qualification will be required.
The property is offered voetstoots / as-is, with the buyer acknowledging the current condition and undertaking their own due diligence before proceeding.
Monthly Rates
R2,250
Features
Interior
Exterior
Sizes
Additional Amenities
Listing Info
Print
Wilmarie Swart
Qualified Property Practitioner
Annita Viljoen
Qualified Property Practitioner
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 Chas Everitt website is accurate and up to date, Chas Everitt 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.
