Victoria Park, Somerset West

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.