NEW
Web Ref RL860
R1,900,000
18 Howard Road, Millgate Farm AH, Randburg
Monthly Bond Repayment R19,289.35
Calculated over 20 years at 10.75% with no deposit.
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Monthly Rates
R2,500
R2,500
6 Income Producing Cottages
Millgate Farm is an area that consists of about 20 country holdings. It has an abundance of the most beautiful, sweet borehole water.
With this property, what used to be a large family home with three separate cottages, has now been divided up into 6 self-contained cottages with a potential income of around R30 000 (if done up – more)
There are 4 x 2 bedroom and 1 bathroom cottages, 1 x 3 bedroom, 2 bathroom cottage and 1 x 1 bedroom, 1 bathroom cottage.
In the house there are also 2 large storerooms and an office or additional bedroom with a bathroom.
6 staff accommodation with shower and toilet.
The property has a large communal pool and a very strong borehole and 10 000 liter tank. There is an electric fence that works off solar with lithium batteries.
The garden is well established
The property has its issues, hence the price, and that is its proximity to a small squatter development. Its not for the young family with visions of living in the country with your horses, (although this is still possible) but for people who have a vision for what is happening in the area.
It forms part of the Lanseria Smart City node, and I believe could become valuable in the future from an investment point of view.
The property is comparatively cheap for the area and offers a lot in the way of infrastructure and income that could pay your bond.
With this property, what used to be a large family home with three separate cottages, has now been divided up into 6 self-contained cottages with a potential income of around R30 000 (if done up – more)
There are 4 x 2 bedroom and 1 bathroom cottages, 1 x 3 bedroom, 2 bathroom cottage and 1 x 1 bedroom, 1 bathroom cottage.
In the house there are also 2 large storerooms and an office or additional bedroom with a bathroom.
6 staff accommodation with shower and toilet.
The property has a large communal pool and a very strong borehole and 10 000 liter tank. There is an electric fence that works off solar with lithium batteries.
The garden is well established
The property has its issues, hence the price, and that is its proximity to a small squatter development. Its not for the young family with visions of living in the country with your horses, (although this is still possible) but for people who have a vision for what is happening in the area.
It forms part of the Lanseria Smart City node, and I believe could become valuable in the future from an investment point of view.
The property is comparatively cheap for the area and offers a lot in the way of infrastructure and income that could pay your bond.
Features
Pets Allowed
Yes
Interior
Bedrooms
12
Bathrooms
7
Kitchen
6
Reception Rooms
6
Furnished
No
Exterior
Security
Yes
Flatlet
6
Domestic Accomm.
6
Pool
Yes
Sizes
Land Size
38,000m²
Extras
Borehole; Water Tank; Borehole
STREET MAP
STREET VIEW
