Three-storey Northcliff house could be yours if you bid right

A bit of TLC needed to make it a dream home

● Park Village Auctions will soon bring to market a triple-storey Northcliff home, which company executive Jaco du Toit says presents excellent profit potential.

The property, 13 Ethel Avenue, is situated in one of Johannesburg’s most sought-after, established residential suburbs.

Du Toit says, “Northcliff homes are renowned for their large stands set amidst a peaceful neighbourhood that is close to world-class amenities with central access to major business hubs — but far away from unsightly industrial and commercial blocks.

“Properties in the area are in high demand and therefore fetch handsome prices. Houses within the most popular price bracket average R3m. The area attracts middle- to upper-class buyers who know that they will achieve sound returns on their investment.”

According to Du Toit, the house to be auctioned on April 16 represents a good investment opportunity to those who want to leverage the appreciation value of Northcliff homes.

The three-storey dwelling opens on the upper ground level with a double volume entrance foyer.

Stairs lead to an open-plan TV lounge, dining room and kitchen with scullery and an incomplete section comprising a formal lounge, reception area, two en-suite bedrooms and a study.

The upper level features a main en-suite bedroom with a dressing room and two family bedrooms with a shared bathroom.

The lower level has a large entertainment room and cinema room with a sliding door that gives access to a timber-deck balcony overlooking the swimming pool.

The ground floor contains a basement storage area and changing rooms and shower accessible from the swimming pool.

The property has garaging for four vehicles, staff accommodation, and a onebedroom flatlet. Improvements measure about 1,050m² set on land measuring about 2,137m².

“With the necessary TLC and finishing, this house can easily be transformed into a dream home for those who want to own the address and stay in this exclusive suburb, or for investors to fix-and-flip the property for a tidy profit,” says Du Toit.

13 Ethel Avenue, Northcliff Extension 12, Johannesburg, will be auctioned on site on Tuesday April 16 at 11am.

Viewing will be today from 12pm-2pm and on Sunday April 14 from 12pm-4pm.

Interested bidders can find more information on parkvillageauctions.co.za using web reference 270, or call Park Village Auctions on 087 160 0521.