3 Bed, 1 Bath House for Sale in Boroko

This property will surely put a smile on a Property Developers’ face. As it's strategically located in the most sought after residential address.

The house is not in a tip top shape, however, the land accompining the house is huge. That along, poses a massive potential for redevelopment and surely the value would appreciate on the investment capital for the potential investor.

It’s conviniently located close to the parks, schools, shops, bus stopes and all amenities a resident may wish for.

A developer may wish to construct a lodge or apartments as the land size is big enough to slot in approximately 5 units.The potential return on investment would be ideal. The developer may wish to construct 5 x 3 bedroom units as assumed, at an estimate total investment cost of K6 million for the project. Each unit can easily fetch up to K2,500 per week. The potential return on investment would be approximately K600,000 per annum. In just 10 years, the investment of K6 million will be recouped and the entire existence of the property will generate profit for generations.

As they say location! Location! Location! It simply means, if the location is right, your investment is at the right place to germinate, grow and eventually appreciate greatly in value. For instance, you can build a nice property, however, if the location is not suitable, your investment will not appreciate grealy and your return on investment will not be great. For example, you construct the same house design at the same cost in two different location. One at the fringes of the city like Morata or Subama and the other in center of the city like Town or Boroko. Even thought the design & cost are identical, the rental price or return on investment will defiantly not be same due to the power of location.You may get 2 or 3 times more for the one on the ideal location and there will be a huge value difference between them as well.

Therefore, in Real Estate, location matters the most. This is an opportunity to secure a prime residential address with huge potential you don’t want to miss out. Call now to inspect and put in your offer.