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R4,350,000
R4,350,000
Monthly Bond Repayment R44,900.20
Calculated over 20 years at 11% with no deposit.
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Prime Development Opportunity in Waverley – Subdivided Stand with Endless Potential
Nestled in the heart of sought-after Waverley, this expansive 3,718m² stand has already been subdivided into three portions (ranging from 1,000m² to 1,404m²), making it an exceptional investment opportunity. Whether you're a developer looking to create a multi-unit residential enclave or a homeowner seeking a spacious property with room for expansion, this versatile site offers multiple possibilities.
The Regulation 38 approval is complete, paving the way for a seamless development process.
Property is company owned, therefore there is no transfer duty is payable.
Development & Renovation Options:
• Demolish and develop three modern homes, clusters, or apartments.
• Retain the existing home, renovate, and build two additional residences on either side.
• Keep the entire stand as a spacious private estate with a tennis court and pool.
Existing Structures:
A large family home sits on the property, currently tenanted at a fair rental, ensuring an income stream while planning your development. The home features:
• Generous living areas
• 4–5 bedrooms (including two en-suite)
• A spacious cottage with a separate bedroom and living area (attached to the main house and would need to be demolished for subdivision)
• A swimming pool and tennis court (requiring repair)
• Ample off-street parking
Renovation Needs:
The kitchen, bathrooms, flooring, and roof require attention to modernize the home. For those looking to restore its charm, this property provides an excellent foundation for a stunning transformation.
Key Features:
3 subdivided stands – 1,000m², 1,312m², 1,404m²
Reg 38 completed for development ease
Spacious main home with generous interiors
Self-contained cottage (attached)
Large Garden with swimming pool
Tennis court (in need of repair)
Multiple off-road parking spaces
Prime location in sought-after Waverley
Location & Lifestyle:
Waverley is renowned for its tree-lined streets, vibrant Jacaranda blooms, and serene residential atmosphere. Centrally positioned, it offers:
• Quick access to major highways (M1, Louis Botha Ave)
• Proximity to top schools, shopping hubs, and places of worship
• A family-friendly, well-established community
Priced to sell – Don’t miss this unique opportunity!
Call today to schedule a viewing and explore the possibilities
Features
Interior
Bedrooms
5
Bathrooms
3
Kitchens
1
Reception Rooms
4
Studies
1
Exterior
Garages
2
Security
Yes
Domestic Accommodation
1
Pool
Yes
Sizes
Land Size
3,718m²
Waverley, Johannesburg
Johannesburg, also known as 'Jozi', 'Joburg' and 'The City of Gold', is classified as a megacity, due to it being the largest in South Africa. This bustling metropolis offers residents a vibrant and diverse community within beautiful surroundings. Johannesburg has various property types available including apartments, townhouses and freestanding homes, making it an ideal place to live for anyone of all...
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Disclaimer: While every representation will be made by Lew Geffen Sotheby's International Realty to ensure that the information contained within the website is accurate and up to date, 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.
