- 9
- 2
- 2
- 495.0 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 1185.00
Property description
Looking for an income-producing asset to add to your portfolio?
This established student accommodation property is strategically positioned in Westdene, within walking distance of university - one of the most important considerations for the student rental market.
CURRENT CONFIGURATION & INCOME
Gross Rental Return: The property is already generating rental income, providing an existing income stream rather than starting from scratch.
Established Student Accommodation: The main house offers 9 spacious rooms with convenient ablution facilities on both levels.
Location Advantage: Walking distance to university provides a significant advantage when attracting student tenants.
THE VALUE-ADD OPPORTUNITY
This isn't simply an existing rental property. There are opportunities to further improve its income-producing potential.
Additional Accommodation: An external room with an en-suite bathroom is already in place and requires completion, creating further rental-income potential.
Reconfiguration Potential: Two particularly large existing rooms offer sufficient space to investigate possible subdivision, potentially increasing accommodation capacity further.
Cosmetic Upside: Strategic cosmetic improvements could further enhance the property's appeal and rental positioning.
WHY INVESTORS SHOULD TAKE A CLOSER LOOK
Existing gross rental income
Attractive ROI potential
Walking distance to university
Established student accommodation configuration
Further value-add opportunities
Secure garaging
Strong investment location in Westdene
BUY THE INCOME. UNLOCK THE POTENTIAL.
For an investor looking for an existing income-producing property with further upside, this Westdene opportunity deserves serious consideration.
Contact us to arrange a private viewing and discuss the investment opportunity.
That keeps the commercial version financially driven, while the other advert sells the lifestyle/location/income concept without tying us to specific future returns.
Property Details
- 9 Bedrooms
- 2 Bathrooms
- 2 Garages
- 1 Dining Area
Property Features
- Access Gate
- Entrance Hall
- Garden
| Bedrooms | 9 |
| Bathrooms | 2 |
| Garages | 2 |
| Erf Size | 495.0 m2 |
