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R1,450,000
R1,450,000
Monthly Bond Repayment R15,463.23
Calculated over 20 years at 11.5% with no deposit.
Change Assumptions
Monthly Rates
R1,200
R1,200
Welcome to this exceptional investment opportunity in the heart of Bloemfontein!
This spacious student accommodation features a main house with 5 well-appointed bedrooms and a shared bathroom, providing comfortable living for students seeking proximity to the University of the Free State (UFS) and the Central University of Technology (CUT).
Additionally, the property boasts three flatlets, comprising two bachelor flats perfect for individual students and a larger 2-bedroom flat with its own bathroom, offering flexible living arrangements to maximize rental potential.
Currently generating a rental income of R35,000, this property represents a lucrative investment, even as a fixer-upper with significant potential for value enhancement. The expansive yard provides ample space for future development, allowing for the construction of additional flatlets to further increase your rental income.
This sole mandate presents a unique chance to invest in a high-demand area with strong rental prospects. Don’t miss out on this fantastic opportunity to secure a prime investment property close to UFS and CUT!
Features
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
1
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
2
Security
Yes
Flatlet
5
Sizes
Floor Size
150m²
Land Size
1,186m²
Park West, Bloemfontein
Situated in the Free State province, the tranquil city of Bloemfontein is the judicial capital of South Africa. It is the economic hub of the Mangaung Local Municipality, "place where the Cheetahs dwell", as well as the commercial capital of the province.
Bloemfontein is extremely popular for its grand showcase of roses, the 'Mangaung Rose Festival'. Held every October since 1976, the festival attracts thousands...
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Disclaimer: While every effort will be made to ensure that the information contained within the RealNet Properties website is accurate and up to date, RealNet Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
