2 Bedroom House on auction in Maitland

Details

ONLINE AUCTION 13 AUGUST 2026 11:00 (GMT + 2) INVITED OPENING BID: R800,000 Bidder Security R25,000 *fully refundable if unsuccessful bidder A 10% deposit and 5% Auctioneers fee (plus VAT on fee) is due and payable by the highest bidder once bidding has closed HIGH-YIELD REDEVELOPEMENT POTENTIAL MEETS EXISTING RESIDENTIAL UTILITY Positioned in the growing urban infill corridor of Maitland, this property presents an exceptional opportunity for both homeowners and astute property developers. Featuring a solid two-bedroom residence situated on a larger-than-average 480 m2 erf, the real value lies in its high-density General Residential 4 (GR4) zoning footprint. PROPERTY FEATURES 2 Bedrooms and 1 Bathroom Kitchen, Lounge, and Dining Room Fully enclosed erf (480 m2) with extensive off-street parking Low holding costs with rates approx. R663 per month DEVELOPMENT METRICS (GR4 ZONING) Permissible Bulk: 720 m2 (1.5 Floor Factor) Maximum Height Allowance: 24.0 metres (/7 to 8 storeys) Maximum Coverage: 60% (288 m2 ground floor footprint) Ideal yield for 12 to 16 micro-apartments or residential units

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