?? Student House for Sale – Brandwag, Bloemfontein
Located in the sought-after student area of Brandwag, this spacious student property offers an excellent opportunity for an investor looking for a property with plenty of potential, conveniently situated close to the University of the Free State (UFS).
The property currently offers 13 bedrooms, with 7 of the bedrooms being sharing rooms, making it well suited for student accommodation. The property also boasts a huge erf, providing excellent potential for further development and expansion.
The property is NSFAS accredited, adding significant appeal for investors looking to cater to students requiring accredited accommodation.
With the right renovations and some TLC, there is significant potential to partition the existing property and create additional rooms, increasing the accommodation capacity and rental income potential.
The home offers a large kitchen with plenty of built-in cupboards, providing ample storage and workspace. There are also 3 spacious living areas, offering plenty of communal space for students to relax, study and socialise.
A double garage provides secure parking and additional storage space.
?? Rental Income
The property currently generates approximately R44,494 per month in rental income, resulting in an estimated annual rental income of R533,928.
With the existing rental income, NSFAS accreditation, huge erf and potential to add more rooms, this property offers excellent potential to increase its rental income and overall value.
Although the property requires some attention, upgrading and general TLC, the potential is certainly there. It needs some work, but with the right improvements and renovations, this property could be transformed into a highly attractive and profitable student residence.
Its location in Brandwag, close to UFS and other amenities, further adds to its investment appeal.
If you are looking for a large student property with a huge erf, existing rental income, NSFAS accreditation, potential for additional rooms, and plenty of room to add value, this property is definitely worth viewing.