Wensleydale, Pietermaritzburg, KwaZulu-Natal ID 1325793
House
2.0
3
1052m2
An unmissable opportunity to acquire a fully operational student housing property just 1 minute (350m) from DUT Riverside Campus. Strategically located for maximum demand, it currently houses over 15 NSFAS-funded students and generates more than R60k monthly. The NSFAS contract is transferable, giving the new owner immediate, guaranteed income. This debt-free property comes with a clean title deed, is fully paid off, and is owned outright by a retiring pensioner who is stepping away from the student rental business. With the price negotiable, this is your chance to secure a prime, income-producing asset in one of Scottsville’s most sought-after student locations. The main house offers spacious living areas, multiple bedrooms, and a well-maintained kitchen, while an additional 3-bedroom flatlet significantly boosts rental capacity. Outdoors, students enjoy a swimming pool, ideal for relaxation, plus a 2000L JoJo tank for uninterrupted water supply. Set on a generous erf, the property is low-maintenance and secured with perimeter fencing and gated access, providing peace of mind for both owner and tenants. Located in the heart of Wensleydale, Scottsville – a sought-after student area – it’s surrounded by key amenities, public transport, and shopping centres, making it a magnet for consistent student occupancy. Whether you’re an experienced investor or entering the lucrative student housing market for the first time, this turnkey property delivers both location and income security. Opportunities of this calibre, so close to campus, are incredibly scarce – act now to secure a high-yield investment with built-in demand and long-term growth potential. Call today to book your viewing appointment!
eXp Realty
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