A former RDP house, upgraded to a double-storey and expanded to 15 rentable rooms in Dunoon, Cape Town, has been listed for sale on a popular property website with an asking price of over R1.7 million.
Some rooms have cracks and peeling paint and it is squeezed onto a 147m² site, but the house was listed on 14 December for R 1,728,000. It has six bathrooms, eight rooms upstairs, and seven at ground level. The property includes a shop with a trader who pays R6,000 per month. Potential monthly income through rent is estimated at R35,000. On the sales price, monthly mortgage repayments would be R16,963 (at a rate of 10.25% over 20 years, with no deposit).
Converting RDP houses into many roomed dwellings for rent has become a hot business in Dunoon, an area characterised by overcrowding and poor socio-economic conditions. Raw sewage flows in some streets and between houses. Blockages and waste overflows are part of daily life in Dunoon.
According t
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