7 Bedroom House Sold in Westdene

R1,575,000

51 Aberdeen Street

Monthly Bond Repayment R17,068.39
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RL5348

Prime Investment Opportunity: Student Accommodation Property near Prominent Universities

This property presents an excellent investment opportunity for those interested in student accommodation. It is conveniently located just 5 minutes away from prominent universities such as WITS and UJ, as well as convenient shopping centers.

The house itself offers 7 bedrooms, with 2 of them featuring ensuite bathrooms and one being detached with its own entry. There are also 2 additional shared bathrooms, a well-equipped shared kitchen, and a spacious outdoor area. Each bedroom is furnished with desks, making it an attractive option for students who require a study space.

The property meets all the necessary requirements to qualify for NFSAS (National Student Financial Aid Scheme), which is an added advantage for potential student tenants. Security is prioritized with a security gate and alarm system in place.

Currently, the property generates a total monthly income of approximately R25,000 from all 7 rooms. This makes it a promising investment opportunity for those looking to enter the student accommodation market.

To explore this investment opportunity further, it is recommended to contact the seller and arrange a viewing appointment. They will be able to provide more details and discuss the potential returns on investment.