TICKS ALL THE BOXES FOR AN IDEAL INVESTMENT
1A Severn Rd, Diep River, Cape Town, 7800, South AfricaFeatures
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Description
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Description:
*** EXCLUSIVE LISTING ***
It’s very rare for one of these highly appealing, beautifully presented 3 Bedroom, 2 Bathroom Cottages to come onto the market. The last one was way back in 2019. It’s set in the popular Diep River Chelsea Village with its characterful, quaint cottages.
The row of six semi-detached homes in leafy Severn Road, opposite a well-maintained community children’s park, was developed in the 1990’s. It would appeal to young professionals, a young family or a downscaler couple - and most definitely to Investors with its easy to manage erf size of 221sqm and house size of 123sqm.
Pleasing pavement appeal with its brick and slatted wood wall, automated garage door and pedestrian gate. The front brick-paved, roofed Patio faces North with ample space for entertaining as well as secure off-street parking in the Carport for 1-2 cars.
The spacious open-plan living area features a neutral-tone tiled floor and lovely lighting and consists of Lounge with an attractive bay window and Diningroom adjoining the Kitchen with an eating bar. The Kitchen is well-appointed with wrap doors, aluminium handles, top units fitted to the ceiling, free-standing stove, extractor and slots for 2 microwaves and fridge. The paved back courtyard includes a PVC storage shed.
The Main Bedroom with it’s North-facing bay window creates a bright, sunny ambience. There are plenty of built-in cupboards, a nook for a dressing table and a pristine shower En-suite Bathroom. The two other Bedrooms have good quality built-in cubpoards and the Family Bathroom includes a bath.
BONUS FEATURES:
* New white aluminium windows and doors throughout.
*Excellent security with alarm system, beams, bars and spikes.
*Laundry / Utility Room is equipped for washing machine, tumble drier & freezer.
*Back-up Power System: 5Kw Inverter & Battery.
*Zoned for both “Residential” and “General Business 1”
See how this home gets top marks on any “Investor’s Checklist”:
LOCATION & DEMAND: Proximity: * Near to schools: ✓ Westcott Primary School * Near to shops: ✓ Mr Price Home, Block & Chisel * Near to business hubs: ✓ Sewing Hub, Biketique, Kia, Mamacos, Tafelberg, Turnkey Locksmiths, O’Kennedy’s Pub & Grill, Tavern ‘n Ale * Near to transport ✓ Diep River Station Growth Areas: * Planned infrastructure or urban development: ✓ Constant positive activity in residential developments Target Market Fit: * Matching the location to your ideal tenant ✓ The location matches the ideal tenant mix ie young professionals or downscalers Low Vacancy: * Areas with high demand and low rental vacancies ✓ Demand in the Diep River area is far higher than supply Financial Viability: * Rental yield & cash flow, ensuring rent covers expenses and maintenance plus provides profit ✓ Yes, a viable prospect Capital Growth: * Potential for property value to increase over time ✓ Diep River has an excellent track record for consistent, competitive capital gain Renovation Potential: * Light renovations can boost value and rent ✓ Cosmetic upgrades would enhance the earning potential Quality & Layout: * Good quality stock that appeals to tenants ✓ These cottages are highly sought-after with low maintenance requirements What a great opportunity to be part of the village vibe!
Erf size: 221 sqm
House size approx. 123 sqm
Rates approx. R 1,053 pm
Location
In the neighbourhood
- Primary School: Westcott Primary School, Bergvliet Primary School
- Shopping: Block & Chisel, Turnkey Locksmiths, Sewing Hub, Biketique, Tafelberg, Mr Price Home, Kia, Mamacos
- Attractions: Tavern 'n Ale, O'Kennedy's Pub & Grill, Stodels Garden Centre Bergvliet, The Backyard Cafe