RDP house on sale for R1.7m after 'upgrade' in Cape Town

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 59%

Property Property Headlines News

The RDP house includes a shop with a trader who pays R6,000 a month.

According to the real estate website, properties sold in Dunoon include one for R180,000 in December, and last month a home fetched R280,000.

GroundUp found no approved building plans for the conversion of the house for sale, but it does have electrical and plumbing certification. Gregory Brooks of Brooks & Michaels Property Consultants said it would be a risky purchase for this reason."What makes me nervous is the website has recorded 23 property sales in the area and the average price is R279,000. [This building] has the highest price that I can see and that is far above the average price.

Nieuwoudt said the formal trading of properties requires that a building occupation certificate be supplied by the seller of the property. "The city administration has not received a request for the issuing of an occupation certificate in respect of the property in question," she said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

RDP house is on sale for R1.7 millionA property consultant says the highly converted property would be a risky purchase.
Source: TheCitizen_News - 🏆 6. / 75 Read more »