Property Investment Opportunity on Nahal Kidron Street, Ramat Beit Shemesh A
Nahal Kidron Street is located in the upscale Ramat Beit Shemesh A neighborhood, known for its luxurious homes and spacious lots. This area, particularly the Mishkafayim (משקפיים) section, features low-density residential development, making it ideal for families seeking both privacy and high-quality living. The properties on this street primarily consist of large, detached or semi-detached homes catering to middle-to-upper-class families. These homes often range from 270 square meters and up, with zoning laws that permit additional construction and expansion.
Scenic Living and Amenities
The neighborhood offers proximity to the beautiful Judean hills, providing scenic views of the Jerusalem area. Residents enjoy access to modern amenities such as parks, sports fields, and community centers. This area is particularly popular among religious and family-oriented communities, thanks to its peaceful suburban setting, synagogues, and schools. Families looking for tranquility and convenience will find Ramat Beit Shemesh A a highly attractive option.
Development and Expansion Potential
This property on Lot 114 has received planning approval for significant development. This includes the right to build an additional floor, expand the home’s footprint, and create a second housing unit (duplex), significantly increasing the property’s value. The plan allows for up to an additional 50 square meters per unit and the construction of a second unit on the lot. This opens up opportunities for buyers interested in either expanding their living space or generating rental income.
Approved Development Plans
- Expansion of the current building and the addition of a new floor.
- Increase in the building’s height.
- Modification of property boundaries to accommodate the expansion.
- Potential to split the property into two separate housing units, ideal for multi-generational families or rental investments.
Who Should Invest?
- For buyers: This property offers the chance to invest in a high-end home in a growing, well-established community. With approvals already in place, there’s a clear path for further development and value appreciation.
- For sellers: The approved development rights significantly enhance the property’s market value, making it more attractive to potential buyers who are seeking homes with expansion potential.
- For investors: The extra building rights and potential to create two separate units offer a profitable investment opportunity. With high demand in Ramat Beit Shemesh for spacious homes, this property is poised for excellent rental or resale value.
Construction Status
The development plan is at an advanced stage of approval. Permits for expansion have already been submitted, with approvals granted in early 2023. This means buyers can begin construction without delay, making this an ideal opportunity for those seeking immediate development potential.
Additional Notes
The property is fully registered in the land registry (Tabu), ensuring a secure and smooth transaction process for buyers.
Other Properties on Nahal Kidron Street
Beyond Lot 114, Nahal Kidron Street offers several other properties and lots for sale. These properties are part of a prestigious residential zone in Ramat Beit Shemesh A. Many of the homes and lots come with rights for expansion, providing ample opportunities for customization or future development. Whether you’re a buyer looking for a luxurious new home or an investor seeking prime real estate, this area presents numerous opportunities for growth.
