Exclusive To Turner Estates
This exceptional investment property offers a fantastic opportunity for investors seeking a stable rental income from the growing student accommodation market.
The main house consists of 4 spacious bedrooms, currently accommodating 2 students per bedroom, with a total capacity of 8 students. The property features a main bathroom and an en-suite bathroom, providing convenience and comfort for occupants.
The converted garage/back section offers an additional 3 bedrooms, each accommodating 1 student, with access to a shared bathroom. A 4th room is allocated for the caretaker, ensuring the property is well managed and maintained.
The property is currently generating a monthly rental income of R34,000, based on 10 students paying R3,400 per student per month. There is further development potential to accommodate an additional 8 students, significantly increasing the property's earning capacity and return on investment.
An added advantage is the existing NSFAS contract, making this an attractive and secure income-generating opportunity for investors looking to enter or expand within the student housing sector.
This is a rare opportunity to acquire a well-positioned student accommodation property with proven rental income and substantial growth potential.