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R5,300,000
R5,300,000
Monthly Bond Repayment R56,520.77
Calculated over 20 years at 11.5% with no deposit.
Change Assumptions
Monthly Rates
R1,500
R1,500
TEN BEDROOM HOUSE CURRENTLY ACCOMMODATING WORKING PROFESSIONALS
This versatile property, zoned for both business and Residential 3 use, accommodates 20 students or working professionals across 10 fully furnished and modern rooms. Each room is equipped with two single beds, a Smart TV, a private toilet and bathroom, a bar fridge, and Wi-Fi access. The property also includes two communal kitchens and a braai area, offering comfortable living spaces.
This property offers incredible potential for substantial income. With all rooms currently occupied, there's an opportunity to maximize returns by accommodating more tenants and students. Currently rented to working-class individuals, the property also includes two rooms operating as BnBs, generating impressive monthly revenue. The possibilities for increasing income are excellent, making this an ideal investment.
Additionally, the property has approved zoning for a double-storey extension at the back, providing further development potential. The combination of its excellent location and income potential makes this property an exceptional investment opportunity.
Features
Interior
Bedrooms
10
Bathrooms
10
Kitchens
2
Exterior
Carports / Parkings
10
Security
Yes
Sizes
Land Size
1,010m²
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