Affordable Freestanding Home with Development Potential in Katutura – Cash Buyers Only

INVESTMENT OPPORTUNITY | CASH BUYERS ONLY! This freestanding house in Katutura presents an excellent opportunity for cash buyers looking for an affordable entry into the property market or investors seeking a property with significant development potential. Priced at only N$640,000, this property offers great value and room for growth.

Current Property Features: The house currently comprises 2 bedrooms and a huge lounge area, providing comfortable basic accommodation. The property includes an outside toilet. Please note that some tender loving care (TLC) is required to bring the property to its full potential, making this an ideal project for buyers who enjoy renovations or investors looking to add value.

Outstanding Development Potential: The standout feature of this property is the generous yard size, which offers exceptional development opportunities. The spacious erf provides enough room to build:

• 2 bachelor flats (excellent rental income potential)
• Garage for secure parking
• Veranda for outdoor entertainment
• Additional structures as needed

This development potential makes the property particularly attractive for investors looking to maximize returns through rental income or property value enhancement.

Investment Highlights: With strategic improvements and the addition of bachelor flats, this property could generate substantial monthly rental income. The large yard allows for creative development that could significantly increase the property’s value and income-generating capacity.

Financial Benefits:

• Affordable entry price: N$640,000
• Cash purchase only (no bond delays)
• Quick transfer process
• Potential to add 2 bachelor flats for rental income
• Room for garage and additional improvements
• Significant value-add opportunity

Location – Katutura: Katutura is a vibrant, well-established area of Windhoek with:

• High rental demand from working professionals
• Good access to public transport
• Close to shopping centers and markets
• Near schools and educational facilities
• Access to medical facilities
• Strong community infrastructure
• Affordable living costs
• Growing development in the area

Ideal For: ✓ Cash buyers seeking affordable property ✓ Investors looking for development opportunities ✓ Buyers comfortable with renovation projects ✓ Property developers seeking value-add projects ✓ First-time buyers with cash available ✓ Anyone seeking rental income potential ✓ Buyers looking for large yard space

Renovation & Development Opportunity: The property requires some TLC, presenting an opportunity to:

• Renovate the main house to modern standards
• Add indoor bathroom facilities
• Build 2 bachelor flats for rental income
• Construct a garage for secure parking
• Add a veranda for outdoor living
• Landscape the yard
• Install modern fencing and security

Potential Monthly Income (After Development): With the addition of 2 bachelor flats, this property could generate significant monthly rental income, potentially ranging from N$4,000 to N$8,000 per month depending on finishes and market conditions, providing excellent return on investment.

This is a fantastic opportunity for serious buyers with cash available and vision to see the property’s potential. Don’t miss this chance to own an affordable property with excellent development possibilities!

For viewing arrangements and more information, please contact: Helvi Phone: 0816541379
Agency: Pilot Real Estate CC

SERIOUS BUYERS ONLY | CASH PURCHASE REQUIRED

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