Property description
Exclusive mandate
This fully occupied student house, within walking distance of NWU, offers a secure and welcoming environment where students can feel right at home. With a monthly rental income exceeding R50,983 this property essentially pays for itself. NSFAS Accredited with Silver Status, it’s an excellent opportunity for investors seeking consistent returns.
The complex boasts 14 spacious bachelor units, each featuring its own geyser and alarm system. Nine of the units can be easily converted to double rooms for additional income. Most units come furnished with essential amenities including fridges, microwaves, beds, chairs, and built-in cupboards, providing students with the perfect space to relax and study.
For added convenience, there is a laundry area equipped with a washing machine, prepaid electricity meters in each unit, and a secure storage room. The property’s comprehensive security system includes Spot bot 8 cameras and an electric fence, ensuring peace of mind for both students and investors alike.
Included in the rent are fiber and uncapped internet services, perfect for students who need reliable connectivity for their studies. An inverter backup system ensures that the Wi-Fi and security cameras remain operational during load shedding, adding another layer of convenience.
Don’t miss out on this outstanding investment opportunity – contact me today to arrange your private viewing!
- Study
- Store Room
- Freehold
- Security Features
- Laundry
- Flooring: Tiles
- Walling: Palisade, Electric Fence
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.
