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R2,350,000

Monthly Bond Repayment R24,657.52
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R1,400

12 bedroom house for sale in unit 9 Mafikeng (Student Accommodations)

Prime Student Accommodation Investment

This well-maintained property is a fantastic investment opportunity. It is currently operating as student accommodation. It features 12 bedrooms in total, comprising an 8-bedroom single unit and a 4-bedroom sharing unit, making it ideal for student living.

The property includes 3 shared bathrooms and a fully equipped kitchen with 2 microwaves, 3 fridges, 2 four-plate stoves, a washing machine, and a two-plate gas stove, providing a comfortable communal space for tenants. A secure outdoor shack is also perfect for extra storage or utility use.

Key Features:

- Reliable Power: 3kVA hybrid backup system ensures no disruptions.
- Eco-Friendly Hot Water: 150L solar geyser for sustainable living.
- Advanced Security:
- CCTV monitoring
- Electric fencing
- Alarm system with panic buttons for peace of mind
- Fully Furnished: Every room is move-in ready, offering comfort and convenience.
- Backup Water Supply: Never run out of water with a backup tank and pressure pump.

Accreditation: NSFAS accredited, making it accessible to students with financial aid.


Situated close to all essential amenities, including shops, public transport, and educational institutions, the property’s location is highly convenient for students. It offers strong rental demand, ensuring consistent occupancy and a steady income stream.

This is a rare opportunity to acquire a well-looked-after property in a high-demand area with excellent potential for returns. It is perfect for any investor looking to capitalize on the booming student accommodation market!

Features

12
3
1
Interior
Bedrooms
12
Bathrooms
3
Kitchens
1
Reception Rooms
1
Studies
1
Furnished
Exterior
Garages
1
Carports / Parkings
4
Security
Yes
Flatlet
1
Domestic Accommodation
1
Sizes
Floor Size
307m²
Land Size
376m²
Extras
ADSL • Alarm System • Backup Water • Fibre
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

24,657.52

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