Your privacy on eXp
eXp uses cookies on this site so you can search properties, contact local agents and watch our videos without anything breaking. With your permission, we would also like to measure how visitors use the site so we can keep improving it. You can accept all cookies, reject non-essential ones, or customize your preferences. See our Cookie Policy
Victoria Park, Somerset West, Western Cape
House
ZAR 1,499,000
Why Rent When You Can Own? Where else in Somerset West can you buy an entire freehold home for under R1.5 million? Set in family-friendly Victoria Park, this home offers green-belt parks, active neighbourhood patrols, a private garden for pets, and easy access to schools, shops, Somerset Mall and Strand beachfront. An outdoor shed and garage add valuable storage or potential for conversion into an income-generating flat - as several homeowners in the area have already successfully done. Because it is freehold, you have the freedom to renovate, add bedrooms, expand the home or even explore building a second storey. There are no body corporate restrictions and, importantly, **no levies**. For investors, the numbers are equally attractive: • Current rental income: R10,400 p.m. • Gross rental yield: ±8.2% • Net yield after rates: ±7.7% • Historical area growth: ±5.3% p.a. • Combined rental return and growth: ±13% p.a. Some upgraded homes in the area have already sold for more than R1.75 million, highlighting the potential available through renovation and expansion. Henk specialises in fast, focused and investment-driven property deals.





