12 Bed House in Hatfield

12 BEDROOM COMMUNE IN HATFIELD

This investment opportunity involves acquiring a recently renovated, free-standing 12-bedroom commune located on Prospect Street in Hatfield. The property, set on a substantial land size of 1276 square meters, is specifically catered to students, making it an ideal income-generating asset in a prime location. Can generate between R54 000.00 and R60 000.00 rental income

Key Features

Location:

Address: Prospect Street, Hatfield

Neighbourhood: Hatfield is renowned for its close proximity to the University of Pretoria, vibrant social scene, and excellent amenities.

Accessibility: Excellent access to major roads, public transportation, shopping centres, and dining options.

Property Specifications:

Type: Free-standing commune

Land Size: 1276 square meters

Bedrooms: 12 spacious rooms designed for student accommodation

Bathrooms: 3 bathrooms in the main house and 1 in the outside flatlet

Kitchens:

Main house includes a well-equipped kitchen

Additional kitchen in the outside flatlet

Common Areas: Shared living spaces conducive to a communal lifestyle

Prepaid electricity

Back up water

Recent Renovations:

Upgrades: The property has been recently renovated, ensuring modern amenities and an attractive living environment for students.

Target Market:

Students: Primarily students from the University of Pretoria due to the property''s strategic location.

Affordability: Communal living arrangements provide cost-effective housing solutions for students.

Potential Revenue:

Rental Income: Each of the 12 rooms can be rented out individually, creating a robust and steady stream of income.

Occupancy Rate: High demand from the student population ensures a high occupancy rate, optimizing rental yields.

Investment Benefits:

Steady Cash Flow: Consistent rental income from student tenants.

Capital Appreciation: Real estate in Hatfield has shown a strong appreciation trend.

Minimal Vacancy: The proximity to the university ensures minimal vacancy periods.

Future Prospects:

Development Potential: The sizable land area offers opportunities for future development or expansion.

Sustainable Demand: Growing student population and continuous enrolment increases at the University of Pretoria.