Park Village Auctions will on Tuesday bring to market a triple storey Northcliff home, which PVA’s Jaco du Toit says presents excellent profit potential.
The property, 13 Ethel Avenue, is nestled in the heart of one of Johannesburg’s most sought-after, established residential suburbs.
“Northcliff homes are renowned for their large stands set amid a peaceful neighbourhood that is close to world-class amenities with central access to major business hubs –but far away from unsightly industrial and commercial blocks,” says Du Toit.
“Properties in the area are in high demand and therefore fetch handsome prices. Houses within the most popular price bracket average R3 million. The area attracts middle- to upper-class buyers who know that they will achieve sound returns on their investment.”
According to du Toit, the house to be auctioned on Tuesday represents a unique investment opportunity to those who want to leverage the appreciation value of Northcliff homes, “property buyers looking for an affordable ‘in’ to Northcliff need not look much further than this”.
The three storey dwelling opens on the upper ground level with a double volume entrance foyer. Stairs lead to an open plan TV lounge, dining room and kitchen with scullery and an incomplete section comprising a formal lounge, a reception area, two en-suite bedrooms and a study.
The upper level features a main en-suite bedroom with a dressing room and two family bedrooms with shared bathrooms.
The lower level comprises a large entertainment room and cinema room with a sliding door that gives access to a timber decking balcony, which overlooks the swimming pool.
The ground floor contains a basement storage area, change rooms, and shower which is also accessible from the swimming pool.The property also features garaging for four vehicles, staff accommodation, and one bedroom flatlet.
Improvements measure approximately 1 050m² set astride land measuring approximately 2 137m² .
“With the necessary TLC and finishing, this house can easily be transformed into a dream home for those who want to own the address and stay in this exclusive suburb, or for investors to fix-and-flip the property for a tidy profit,” says Du Toit.
13 Ethel Avenue Northcliff Extension 12, Randburg, Johannesburg will be auctioned on Tuesday at 11am.
- Viewing will be held today from 12pm-2pm and Sunday from 12pm-4pm.
- Interested bidders can find more information on parkvillageauctions.co.za using web reference 270, or call PVA on 087-160-0521.
- For all auction related information, contact Park Village Auctions on 011-789-4375 or go to www.parkvillageauctions.co.za