Exceptional Investment Opportunity: Student Rental Property for Sale - R3,500,000
We are pleased to present a lucrative investment property ideally situated in a highly desirable area, perfect for those looking to tap into the thriving student rental market.
This exquisite home boasts an impressive layout featuring 5 well-appointed rooms, each equipped with its own full bathroom, making it an ideal choice for students attending nearby colleges. To name a few: Centurion Academy; Open Window(Private College); Southdowns; Abotts and Cornwall Hill.
Income Potential:
Currently generating a substantial rental income of R30,000 per month, this property offers a consistent revenue stream. The rooms are competitively priced, ranging from R6,500 to R8,500 per month, depending on size and amenities, ensuring steady occupancy and high demand throughout the academic year.
Property Features:
A spacious communal kitchen shared by two of the rooms, equipped with essential appliances.
Each of the remaining rooms boasts a convenient kitchenette, featuring a fridge and stove for added comfort and independence.
All rooms are thoughtfully furnished with a double bed, a study desk, a television, and a refrigerator.
Outdoor Amenities:
Expansive Covered Patio:
Step outside to a generously-sized covered patio, designed for both relaxation and entertainment. This inviting outdoor space offers ample room for outdoor furniture and dining arrangements, making it the perfect setting for gatherings with friends and family. With its protective overhead covering, the patio provides a comfortable retreat from the sun and rain, allowing you to enjoy the outdoors year-round. Whether you're hosting summer barbecues by the pool, enjoying a quiet evening under the stars, or simply unwinding with a good book, this expansive patio is a versatile extension of your living space, ideal for creating cherished memories.
The exterior of the property is equally appealing, featuring a sparkling pool and manicured garden space.
Safety and Security:
Safety is paramount, and this property does not disappoint. It comes equipped with:
ADT security system
Electric fencing
Outdoor surveillance cameras
Interior alarm system
Electronic gate access for enhanced security and peace of mind.
Parking and Additional Value:
Ample parking space is available, including covered parking for up to two vehicles and additional open parking to accommodate another 3 vehicles.
Management and Maintenance:
To further ease the management of this investment, the property includes weekly cleaning services for the rooms, as well as laundry services available for an additional cost, ensuring high standards of cleanliness and tenant satisfaction.
Versatile Living Options:
This remarkable property not only serves as a profitable investment but also holds the potential for conversion into a spacious family home, with the possibility of reverting it back to a traditional three-bedroom layout.
Invest in this gem of a property that promises passive income while providing an attractive living environment for students or a comfortable home for your family.
Don’t miss out on this exciting opportunity!
Contact me today to schedule a viewing.
