Opening Bid R950 000
A rare, student accommodation or private residential opportunity in the heart of the Quigney — perfectly positioned to capitalise on East London's growing student or rental demand.
Situated in the sought-after Longfellow Road precinct of Quigney, this established 12-room property is a turnkey income-generating asset. With a potential rental income of R27,000 per month and room rates around R2,300 per room, the numbers speak for themselves or place students at a potential income of R4300 per student (R103 200 per month)
The property accommodates up to 24 students (sharing basis), making it ideally structured for the student market. A communal kitchen, prepaid electricity meters, and multiple bathroom configurations ensure low-maintenance, tenant-friendly living — exactly what today's student tenants expect.
Or keep it as private residence for local municipal or employed tenants per room!
Accommodation
12 rentable rooms (Capacity for up to 24 students)
1 bedroom with private ensuite
Communal kitchen
Prepaid electricity meters
Bathrooms & Facilities
Shower & toilet (shared)
Separate standalone toilet
Additional shower & toilet
Private ensuite (master room)
4 bathroom facilities in total
Location Advantages
Quigney – Longfellow Road precinct
Close to East London CBD
High rental demand area
Well-established rental market
Why This Investment Works
Immediate income potential
Versatile room rate pricing
Low municipal overhead
Strong student tenant demand
With a BCM municipal bill of only R2,237 per month — covering rates, fire levy, sewage, electricity availability, and refuse removal — and all electricity costs shifted to tenants via prepaid meters, the monthly overhead is exceptionally lean for a 12-room building of this size.
At full occupancy, this property delivers an estimated gross yield of approximately 24.9% per annum on the asking price — a compelling return in any market, and particularly attractive within East London's resilient accommodation sector. Taking this property to the student housing market takes the returns to the next level!
Register to Bid
This property is offered via online auction. Don't miss your opportunity to acquire
a high-yielding accommodation asset in East London.
Transfer Duty Applicable