4 Bedroom House for Sale in Okahandja

An income-produc5-bedroom investment home for sale | nuwe dorp ext 4, okahandja | n$1,999,999 tenant in place. N$13,500 monthly rental. N$760,001 below valuation. Sometimes the opportunity is not hidden. Sometimes it is sitting right there in the numbers. Situated in a good residential area of Okahandja, this substantial 1,092 m2 property combines an existing rental income with the kind of space, garaging and accommodation that gives an investor something tangible to work with.Ing property with space, scale and room to add value. FOR SALE | NUWE DORP EXTENSION 4 | OKAHANDJA ASKING PRICE: N$1,999,999 CURRENT RENTAL: N$13,500 PER MONTH There is something appealing about buying a property that is already earning. Situated in a good residential area of Okahandja, this substantial double-storey property is currently occupied by a tenant paying N$13,500 per month, giving an investor an existing rental arrangement from the outset. But the income is only part of the story. Set on a generous 1,092 m2 corner erf, the property offers five bedrooms in total, extensive garaging and storage, separate guest accommodation and the kind of space that gives a property options well beyond today. A SUBSTANTIAL HOME WITH A PRACTICAL LAYOUT The garages and storerooms are positioned on the lower level, with the main residence built above. The home offers four bedrooms in the main residence. The main bedroom includes a full en-suite bathroom with bath, shower and toilet. A separate family bathroom offers a bath, shower and basin, while a separate guest toilet adds further convenience. The living areas include a spacious lounge, separate dining room, kitchen, scullery, study or home office and an entertainment / braai area. The kitchen does not currently include a stove. A separate outside guest bedroom has its own private bathroom with shower and toilet, creating useful additional accommodation for guests, extended family or future flexibility. PROPERTY FEATURES • 4 bedrooms in the main residence • Separate outside guest bedroom • Main bedroom with full en-suite bathroom • Family bathroom with bath, shower and basin • Separate guest toilet • Guest bedroom with private shower and toilet • Entrance area • Spacious lounge • Separate dining room • Kitchen • Separate scullery • Study / home office • Entertainment / braai area • Patio • 3 garages • 3 storerooms • Additional outside bathroom • Approximately 3 additional open parking spaces • Interlocked driveway • 1,092 m2 corner erf • Approximately 5,000 litre water-storage tank • Water-cooling system • Air-conditioning in the lounge and guest bedroom • Prepaid electricity • Prepaid water • Alarm system • Electric fencing • Security doors • Burglar bars • Remote-controlled entrance gate ROOM TO IMPROVE. Room to add value. This property does need some TLC. The garden requires attention and certain areas of the home offer an opportunity for refreshing and modernisation. But the important foundations are already there. The land. The five-bedroom accommodation. The garages. The storerooms. The study. The separate guest accommodation. And established fruit trees that give the garden a mature starting point for someone ready to bring the outdoor space back to life. For the right buyer, this is not about paying for someone else's perfect renovation. It is about buying substantial space and improving it over time in a way that suits your own plans. THE INVESTMENT OPPORTUNITY The property is currently rented at N$13,500 per month and is being sold subject to the existing residential lease and its applicable terms. That means an investor is purchasing a property with an existing tenant already in occupation and rental income currently being generated. At the same time, the size and layout of the property provide longer-term flexibility. It can remain an income-producing asset or, in future, return to use as a substantial family home with extensive storage, guest accommodation and room to breathe. ASKING PRICE: N$1,999,999 CURRENT RENTAL: N$13,500 PER MONTH This property is not being sold on perfection. It is being sold on space, income, existing infrastructure and potential. For a buyer who can see beyond a little TLC and recognise the value in what is already here, this Nuwe Dorp Ext 4 property deserves a closer look. PRIVATE VIEWINGS BY APPOINTMENT Michellé Harmse Velvet Key Real Estate 081 202 7783