R 2 199 000

4 Bedroom House for sale in Universitas

Investment Opportunity: Student Accommodation with Expansion Potential

This property presents a practical investment opportunity for buyers looking to enter or expand within the student accommodation market.
The main house currently offers four bedrooms, a kitchen, lounge, dining area, and bathrooms. Some of the rooms include built-in cupboards, and the home features a mix of tiled and wooden flooring. The living area could potentially be converted into two additional bedrooms to increase rental capacity.
There is also a separate flat on the property, consisting of a bedroom, an open-plan kitchen and lounge area, and a bathroom with a bath, toilet, and basin. This space provides an additional rental opportunity for a student or young professional. The flat also has potential to be converted to add an extra bedroom.
The property comes with approved building plans for seven additional bedrooms, already paid for by the current owner. This offers a valuable opportunity for investors looking to increase the property's accommodation capacity.
Current Income
• Current rental income: 5 student tenants (R246?410 per year).
Potential
• Accommodation capacity for approximately 9 students
• Estimated rental income potential of around R443?500 per year.
Additional Features
• Prepaid water and electricity
• Five covered parking bays plus two additional parking spaces
• Yard space with paving and lawn
The property may require some upgrading and maintenance, but it offers solid potential for investors prepared to improve and expand the existing accommodation setup.
This is an opportunity to acquire a student accommodation property with existing income and future growth potential.

Property Features

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