8 Bedroom house for sale in Lenasia Ext 5, Johannesburg
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8
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4
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Web Ref: 1250481
Property Features
Interior Features
Where Family Harmony OR Passive Income Meet
Having two 3-bedroom cottages and one 2-bedroom cottage with an ensuite on one erf in a desirable neighborhood like Extension 5 makes it not only an excellent option for generating passive income through rentals but also ideal for extended families. Here's how:
Extended Family Living : The layout of multiple cottages on one property provides the opportunity for extended families to live together while still maintaining some level of privacy and independence. Each family unit can occupy a separate cottage, allowing for close proximity while also having their own space.
Shared Expenses : Extended families living on the same property can benefit from shared expenses such as utilities, maintenance costs, and possibly even groceries or childcare, leading to potential cost savings for everyone involved.
Multi-Generational Living : With the aging population, multi-generational living arrangements are becoming more common. This property setup allows for grandparents, parents, and children to live together while still enjoying their own living spaces.
Rental Income for Extended Families : If not all cottages are occupied by family members, the vacant units can be rented out, providing additional passive income.
Long-Term Investment for Families : For families investing in the property together, it offers the potential for long-term financial stability and wealth building through rental income and property appreciation.
Location
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Franchisee of Rawson Residential Franchises (Pty) Ltd | Registered with the PPRA
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