Property description
This is a great investment property. The house is in a quiet area and has 6 different rooms, each with its own full bathroom. Students rent for years, while studying at colleges nearby. Income is R30,000pm from the rentals.
One large kitchen is available for 2 rooms, the other rooms have a kitchenette, with a fridge and stove.
All the rooms have a TV and study desk, double bed and bathroom and fridge. (not included in the price)
Students pay R6,500-R7,500-R8,000 pm, depending on size of room/flatlet
A beautiful pool and covered patio with braai are available, when needed.
Secure with ADT, Electric fencing, cameras outside and an inside alarm. Electronic gate.
Enough parking space and covered parking for 2 cars.
At the back of the house is a vacant land with building plans included to enlarge the student's accommodation or build another house.
Once a week the rooms are cleaned by a cleaner and laundry are done (extra cost)
This is a gem of a property if interested in passive income. If needed for a family house? It can be converted back to a 3-bedroom house.
Like to view? make an appointment asp or just WhatsApp your agent.
- Flatlet
- Pool
- Study
- Pets Allowed
- Fibre Internet
- Covered Parking
- Garden
- Alarm Sistem
- Patio
- The 2 Flatlets Has Each 1 Bedroom On The Ground Floor Is Also 2 Bedrooms On The First Floor Is Also 2 Bedrooms
- Every Room And Flatlet Have A Full Bathroom
Location rating
Nearby Transport
Nearby Education
Nearby Other
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Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
