This well-located property situated 800m from NWU presents an excellent opportunity for investors looking to develop or expand a student accommodation portfolio. With a flexible layout and generous interior space, the property offers strong potential to increase bedroom capacity and maximise rental returns.
The main house boasts 3 spacious bedrooms, a full bathroom with a separate toilet, a dining room, two large living rooms and a beautiful kitchen. These living rooms can easily be converted into additional bedrooms, allowing the property to accommodate up to seven bedrooms in the main house alone, depending on the final configuration. The main house can easily accommodate 4 cars and two outside.
Adding further investment value is a separate self-contained flatlet, which includes its own bedroom, bathroom, an area than can be converted into a small kitchen and living area. This space can generate additional rental income or be incorporated into the student accommodation setup as extra rooms for tenants. The flatlet also has it own garage.
The property’s layout and size make it ideal for a student housing conversion, with ample indoor space that can be reconfigured to maximise occupancy. The generous erf also allows for sufficient parking and outdoor areas for tenants and all of this with the added extra of being only 800m from NWU.
With the right layout conversion, this property has the potential to become a high-yield student rental investment.
To view this property, call Annelizle.