8 Bed House in Universitas

Perfectly located near the University of the Free State in a serene street, this immaculate property offers a unique blend of luxury living and outstanding investment potential. The main house, in pristine condition, serves as a family residence, while the attached student accommodation generates a substantial rental income.

The student wing comprises , each equipped with study table, bed, and cupboards. With rental rates ranging from R3,900 to R4,100 per room, this section has its own open-plan lounge and dining area, a modern kitchen with three fridges, a washing machine, and ample counter space. The property is already accredited by the university, ensuring continued demand from students. Additional amenities include an upgraded bathroom, separate toilet, and a convenient storage cupboard. To further enhance the appeal, a shuttle service is provided for students, ensuring hassle-free transport. This property not only generates a significant rental income, but it also maintains manageable expenses, ensuring excellent profitability.

The monthly expenses include:

Fibre Internet: R699

Rates and Taxes: R3,200

Electricity Tokens for Students: R1,000

Structural Insurance: R790

Student Shuttle Service: R350 per student

Gardening Service: R1,250

Cleaning Service: R2,500

The main house impresses with its expansive layout, featuring a formal lounge, TV room, dining area, and a versatile study corner. The beautifully appointed kitchen offers abundant cupboard space, under-counter oven, and room for multiple appliances. With three spacious north-facing bedrooms, the main suite includes wall-to-wall cupboards and a luxurious en-suite bathroom. An oversized laundry room and additional storage spaces add to the propertys functionality.

The outdoor area includes a private enclosed braai area and a sizable yard, ideal for future expansion. With two separate entrances, automated gates, and electric fencing, this property guarantees security and convenience.

For investors, converting the entire property into student accommodation could yield exceptional returns, making this a rare and highly lucrative opportunity. Dont miss out on owning this remarkable property!